Tag Archives: new Taxation Laws to Tax undisclosed Income

Brief summary of new Taxation Laws to Tax undisclosed Income

By | November 29, 2016

FM tables The Taxation Laws (Second Amendment) Bill, 2016  in Lok Sabha on 28.11.2016 introducing stringent penalties and PM Garib Kalyan Deposit Scheme 2016. Important features includes: Any income assessed u/s 68/69/69A/69/69C/69D (including share capital, unsecured loans, etc) to be taxed u/s 115BBE, which is to be increased from 30% to 60% plus 25% surcharge… Read More »