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Lok Sabha Passes Income Tax Amendment Bill - (29 Nov 2016)

Taxation Laws (Second Amendment) Bill 2016, which proposes 30% tax on undisclosed income plus 10% penalty beside a 33% surcharge and 75% tax and 10% penalty in case Income Tax authorities detect undisclosed wealth deposited post demonetisation, has been passed in Lok Sabha.

Tags : TAXATION LAWS   TAXATION LAWS (SECOND AMENDMENT) BILL 2016   DEMONETISATION   LOK SABHA  

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