Amidst all the horde of demonetization speculations that are making rounds, a new Disclosure Scheme was being drawn up. This scheme is likely to introduce an amendment to the income tax law. This amendment is likely to be effected early next week. Under this scheme, people voluntarily depositing cash that can’t be accounted for in … Continue reading 50% tax and 4 year lock in period on cash under proposed new disclosure scheme

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