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Cabinet approves IT Act Amendments - Unaccounted deposits attract 60% tax

Discussion in 'World Economy' started by Darth Marr, Nov 24, 2016.

  1. Darth Marr

    Darth Marr Captain FULL MEMBER

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    This probably comes after the 21k cr. deposited in the Jan dhan accounts....
     
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  2. Sathya

    Sathya Lieutenant FULL MEMBER

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    Previously undisclosed deposits?
    What it means?

    Deposits made before Nov 8 ?
     
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  3. nair

    nair Guest

    May be for those deposits made in cooperative banks....
     
  4. Pundrick

    Pundrick Lieutenant FULL MEMBER

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    Co-operative banks are the biggest source of generating black money, I have worked with them, where I saw 6 FD accounts registered with same name in one branch of the bank. And the person was no other than the Chairman of the bank itself, in my it was a Congressi MLA from one of the district of Gujarat.
     
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