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.

Other news

Supreme reprimand': Strong criticism of the Center for returning the recommendation for the appointment of judges, said a big thing

The Supreme Court has again slammed the Center for returning its recommendations for the appointm

India favourites in quarterfinal against Bangladesh (Preview)

Melbourne, March 18 (IANS) India go into their cricket World Cup quarterfinal against Banglades

Pakistan Crisis: Pakistan on the verge of plight, prices of essential goods out of reach of common man

Pakistan is facing its worst economic crisis. Even after the change of power in Pakistan, inflati

Basic Education Department: Basic Education Department convenes a meeting of publishers, clarification will be sought if books are not received

Basic Education Department: Shyam Kishore Tiwari, Text Book Officer of the Basic Education Depart

MHT CET Result 2023: Maharashtra Joint Entrance Exam result for PCM, PCB declared, check this way

The results of the entrance examination conducted for Physics, Chemistry and Mathematics (PCM) an

Virat Kohli: Virat Kohli broke his silence on retirement from Tests, told the reason; also gave a statement on his friendship with Yuvraj

Indian cricket team captain Virat Kohli has broken his silence for the first time on his decision

No firing in Galwan, killing, firing in Pangong; These accidents and actions suggest that the agreements, treaties, exercises are not working

Yesterday, the Defense Minister made a statement in Parliament on the Indo-China conflict in Lada

Night Curfew in Uttarakhand: Night Curfew imposed in Uttarakhand, Pushkar Singh Dhami government took decision

Night Curfew in Uttarakhand: Because of the increasing cases of Corona, the Pushkar Singh Dhami g

World record on target of Team India: Chance to become the first team to win 13 consecutive T20s, IPL stars will be watched

International cricket is returning once again after the IPL which lasted for two months, where a

Achievement: India is the fourth largest research country in the world, and most research in these subjects

India is the fourth largest research country globally. According to data from the research databa