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Indian Laws - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Unaccounted deposits to attract 50% tax, 4 yr lock-in period - ...

Indian Laws

November 26, 2016

Unaccounted deposits to attract 50% tax, 4 yr lock-in period - However, a higher 90 per cent tax and penalty could be imposed if assessees do not declare the unaccounted cash voluntarily.

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