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I-T Dept asks blackmoney holders to make honest declarations

I-T Dept asks blackmoney holders to make honest declarations

Thursday, March 9, 2017, 1:06 PM

The I-T department told blackmoney holders to make honest disclosures under the tax amnesty scheme, PMGKY. The department also warned that non-disclosure of such undisclosed income, will be liable to tax, surcharge, and cess at 77.25%, along with penalty, prosecution and enforcement actions. In advertisements in leading dailies, the department said just like fingerprints catch criminals, your blackmoney will lead us to you.
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