Unaccounted cash/deposits before April 1 can be disclosed under new disclosure scheme
Government on Friday said any unaccounted cash or deposit in a bank account before April 1, 2017 can be disclosed under the new disclosure scheme PMGKY that comes with 50 percent tax and penalty.
Dec 16, 2016, 15:35 PM IST
Demonetisation: Unaccounted deposits to attract 50% tax, 4-year lock-in period
The government had after the shock demonetisation, given a 50-day window beginning November 10 for either depositing the 500 and 1000 rupee notes in circulation or exchanging them for new currency.
Nov 25, 2016, 19:14 PM IST
