Tag Archives: 4-Month

Black Money to Attract Double Payout After 4-Month Window

New Delhi: In a stern warning to black money holders, the government has said those caught with illicit wealth within the country would have to cough up 90 per cent in tax and penalty and also face up to 7 years in jail if they fail to declare it during the four-month compliance window. The window, announced by Finance Minister ... Read More »

Budget 2016: 4-Month Window For Domestic Black Money Holders To Come Clean

New Delhi: Government today came out with one time four-month compliance window for domestic black money holders to come clean by paying tax and penalty of 45 per cent. “I want to give an opportunity to earlier non-complaint to move to the category of complaint. I propose a limited period compliance window for domestic tax payers to declare undisclosed income ... Read More »