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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