The scope for legalising undisclosed income without facing any questions remains as the tax administration has not scrapped the provision of whitening black money in case of the purchase of flats and land, raising criticism.
The tax administration issued a notification in this regard today.
The interim government has decided to cancel the provision for whitening black money.
Has the government redefined corruption by excluding the concept of black money?
Bank defaulters or tax evaders receive a number of amnesty and benefits for whitening black money.
These measures are a slap in the face of honest taxpayers who diligently pay taxes on their legitimate income every year.
Opposition lawmakers criticise the proposed budget specially for keeping the scope for whitening undisclosed money while treasury bench hails it.
The government may once again offer scope for whitening black money through investment in industries to boost private investment, say finance ministry officials.
The scope for legalising undisclosed income without facing any questions remains as the tax administration has not scrapped the provision of whitening black money in case of the purchase of flats and land, raising criticism.
The tax administration issued a notification in this regard today.
The interim government has decided to cancel the provision for whitening black money.
Has the government redefined corruption by excluding the concept of black money?
Bank defaulters or tax evaders receive a number of amnesty and benefits for whitening black money.
These measures are a slap in the face of honest taxpayers who diligently pay taxes on their legitimate income every year.
Opposition lawmakers criticise the proposed budget specially for keeping the scope for whitening undisclosed money while treasury bench hails it.
The government may once again offer scope for whitening black money through investment in industries to boost private investment, say finance ministry officials.
