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Pmgk Deposit Scheme

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I-T dept starts analysing deposits post note ban

The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes......

Smaller deposits to be probed only if big accounts indicate irregularities

Limited I-T staff may compel them to focus on big fish than small depositors, reports Business Standard's Dilasha Seth and Indivjal Dhasmana. The tax department will go after 'big fish' in probing......

Deposited black money after Nov 8? Pay 50% tax. If not, 85%

Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation, while higher......

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