The govt. given a bright chance as many year ago IT rate was 55% , good chance and bright idea to bring back locked money.No money is either white or black,all money should be in circulation with proper taxation for a healthy system...burning or wasting a currency notes means burning of govt's taxes and killing future of people,so pl.stop all these malpractice at any cost..don't waste money,deposit it and pay tax good luck for all
Re: GOOD FOR INDIAN ECONOMY
by P S SHAH on Nov 27, 2016 11:00 AM
Still there is someone who think he is very intelligent and has very high IQ than others and make lots of money in stock exchange in last 10 days by his expert prediction and gave his expert ? Opinion that people can deposit their unaccounted money in the bank has to pay only 30% Incometax and need not worry for any further tax liability.The said intelligent expert has now stopped writing about how to save tax and now writing about economics.
Re: Black money-penalty must be 100%
by mukaddim hussain on Nov 26, 2016 07:30 PM
Good news for the black money holders. They are not to be jailed, only penalised. Go on hoarding black money and give to the govt. half of it.
Re: Black money-penalty must be 100%
by Prabhakar KRISHNA on Nov 27, 2016 03:48 AM
The present Law only taxes 30% of unaccounted deposits so it is good that now 50% will be taxed. !00% is impractical and courts will declare it void and tax evaders will go scot free again ; thanks to our Judiciary !
there is no money in atms in small towns. situation is critical. even if money is put it atms it finishes in 1-2 hours. i live in a small town and facing great hardship.
