Tag: Pradhan Mantri Garib Kalyan Yojana 2016

Pay 50% tax on unaccounted deposits, or 85% if caught: Govt

New Delhi: Providing a window to black money holders, the government on November 28 proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don’t disclose but a…