The bulk deposit of 500 and 1000 rupees notes in bank under demonetization scheme, when informed to Income tax department will attract 50% Income tax. The government is introducing amendments to the Income Tax Act which is supposed to be already approved by the Cabinet on Thursday. This is seen as a new ...
Read More »50% Tax and 4 Years Debarred From Cash use-New Disclosure Scheme for Black Money Deposits
