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(Querist)
30 November 2016 why govt.is allowing to those person who have black money .that they can deposit money on condition.
govt kyu unlogo ko chhut de rhi hai ki aap 45% ya 85% jo v ho tax de ke black money de k use white kar skte ho iska reason kya h
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 November 2016 To encourage the black money holders deposit their money in banks 50% tax is levied for those who disclose their black money deposits. This will discourage illegal exchange of black money and get deposited the black money in banks and higher tax is collected.
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