The Finance Minister today introduce a bill in Parliament to  amend Income Tax Act, providing window to black money hoarders proposing to tax 50% tax, penalty and surcharge of 50% on the amount deposited on the amount deposited post demonetization, while higher taxes and stiffer penalty of up to 85% await those who don’t disclose but … Continue reading Pay 50% Tax, Lock 25% for 4 years on your unaccounted money