Unaccounted deposits could face 50% tax, 4 Years lock-in period
Unaccounted deposits could face 50% tax, 4 Years lock-in period : No less than 50 percent tax could be levied on inexplicable bank deposits made when using banned currency notes around December 30, 2016 including a four-year lock-in period for One half of the remaining amount underneath the amendments to tax law the government plans to usher in Parliament shortly. However, a greater 90 percent