IT Amendment bill tabled in Lok Sabha; proposes 30% tax on undisclosed income plus 10% penalty
Finance Minister Arun Jaitley, on Monday, tabled the Income Tax Amendment Bill in the Lok Sabha amid chaos and protests in a bid to corner the ruling BJP government on the issue of demonetisation. The IT Amendment Bill proposes proposes 30% tax on undisclosed income plus 10% penalty on the unaccounted wealth.
Nov 28, 2016, 14:25 PM IST