Anti-black money bill: Salient points (to go with Anti-black money bill tabled in Lok Sabha


Posted on 21st Mar 2015 10:35 am by mohit kumar

Salient points of the Anti-black money bill tabled in the Lok Sabha Friday

* Maximum of 10 years rigorous imprisonment for offenders who evade taxes on foreign assets.

* Penalty at the rate of 300 percent of taxes on the concealed income and assets.

* Income from any undisclosed foreign asset or undisclosed income from any foreign asset to be taxable at the maximum marginal rate.

* Beneficiary of foreign assets will be mandatorily required to file return, even if there is no taxable income.

* Non-filing of income tax returns or filing of returns with inadequate disclosure of foreign assets liable for prosecution with punishment of rigorous imprisonment up to 7 years.

0 Like 0 Dislike
Previous news Next news
Other news

Paytm: Decision on the fate of Paytm founder today, shareholders suffering from loss will do this work

The fate of Vijay Shekhar Sharma, the founder of Paytm, a digital payment service provider, is go

Saradha scam: ED grills painter Shuvaprasanna

Kolkata, March 23 (IANS) The ED, probing the money trail in the multi-crore-rupee Saradha scam,

Inflation: 'Common man' will get relief from inflation, companies can reduce prices due to cost reduction!

People are forced to bear the brunt of inflation for the past several months amidst fears of a wo

Solar Impulse 2 leaves Ahmedabad for Varanasi

Ahmedabad, March 18 (IANS) The Solar Impulse (Si2) aircraft, powered solely by the sun's energy

Ukraine crisis: what Biden said in parliament today, how big a challenge for Putin?

US President Joe Biden spoke only about Russia's attack on Ukraine in the opening 15 minutes of h

More than 89 thousand patients increased in 24 hours, a record 74 thousand people were also cured, 1107 infected died; 43.67 lakh cases so far in the country

The number of corona patients in the country has crossed 43 lakhs. In the last 24 hours, 89 thous

Inflation hit: RBI may increase repo rate further, oil and pulses cheap in a month, tomato-potato expensive

The effect of RBI's efforts to control inflation is visible on pulses and oil. But rising prices

Zombie Drug: People becoming zombies due to the effect of this drug! The increased danger in many cities in America, the government worried

Often you must have seen in Hollywood movies, in which people become zombies after coming in cont

20,000 fine for picketing, cancellation of admission on violence: JNU made new rules to stop protests; Punishment will be given for 17 crimes

Now protests in at New Delhi's Jawaharlal Nehru University, and students protesting will have to

When and how to use nuclear weapons in Ukraine, Russian army officials are talking

Senior Russian military officials are now discussing when and how to use nuclear weapons in Ukrai

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash