SC: CBDT Circulars do not Bind Courts in Income Tax Matters || SC: Gujarat Saw Several Hooch Tragedies despite Prohibition on Liquor || SC: Interest Continues if Award-Holder Cannot Freely Withdraw Conditional Deposit || SC Urges Law Commission to Examine Law Governing Deposits Made in Courts || SC: Civil Court Cannot Grant Interim Relief While Leave Application Against Public Trust is Pending || Calcutta HC Upholds ITC Injunction, Says ‘Gold’ Has Acquired Secondary Meaning || MP High Court Denies Compensation as Pregnancy Pre-Dated Sterilization Surgery || Delhi HC: MACT Must Assess Claimant’s Need Before Denying Release of FDR Compensation || Delhi HC Orders Interpol Red Corner Notice Against Man Facing Contempt Over Remarks Against Judges || Gujarat HC Allows Seven-Day Parole to Convict in Bilkis Bano Case

644 declarations made during Black Money compliance window- (Ministry of Finance ) (06 Jan 2016)

MANU/PIBU/0021/2016

Direct Taxation

Totaling about Rs 4,164 crores, 644 declarations were received during the compliance window provided under the Black Money (Undisclosed Foreign Income and Assts) and Imposition of tax Act, 2015. Declarations made during the window will be taxed at a flat rate of 30 per cent, but certain legal immunity to those declaring the same will be provided.

Tags : BLACK MONEY COMPLIANCE DECLARATIONS

Share :