Modi softens tax blow on black money scheme by 14%
Advertisement
Advertisement
The Modi government has decided to soften the With this move, the government also clarified that it will not question the source of income from which tax is paid on undeclared incomes.
For example, if a person has to declare undisclosed assets worth Rs 100 crore, the tax outgo would work out to be Rs 45 crore, as per the current scheme, while the balance (Rs 55 crore) would be deemed as rightful income. However, if the government does not question the source of income from, the
The government hopes that with this, more and more people would be encouraged to come out with their undisclosed assets.
Image source
Advertisement
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas