Saturday, 1 October 2016

Income Tax Disclosure Scheme evokes Rs 65,250-crore declarations

Income Tax Disclosure Scheme evokes Rs 65,250-crore declarationsNew Delhi: Assets worth Rs 65,250 crore have been declared by 64,275 people under the latest Income Tax Disclosure Scheme, with scope for some marginal upward revision once the full tabulation is completed, Finance Minister Arun Jaitley announced on Saturday.
Given the tax rate and penalty of 45...

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