Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

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..... Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Query (Issue) Started By: - anil goenka Dated:- 26-7-2015 Income Tax
Income Tax
I want to draw the views f .....

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..... rom expert regarding Black Money (UFIA) & the one time scheme to clear their past transactions to pay 30% as tax & 30% as penalty, disclosed by 30 sep & paid by 31 Dec. Now if someone had accounts i .....

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..... n foreign country which was not disclosed in India, is also eligible to avail the scheme. But at the time of bringing back the cash the dollar rate was 35 rupees & in this scheme the required to pay .....

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..... tax when the dollar rate is near to 63. Is it justified ? In such cases how an individual can avail the benefit ? And at present if he has no any unaccounted money , in that case how he can clean u .....

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..... p them self. And what about the rest of 40% , whether the amount became taxpaid & simply the tax payer required to deposit the rest 40% in bank as show as tax paid amount. Pls discuss the issue Re .....

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..... g CA Sushil Kumar [email protected] 9830202248
Discussion Forum - Knowledge Sharing .....

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