Finance Minister Arun Jaitley’s Points Related Black Money

NEW DELHI :This time government is on the rampage, FM made below points clear related money. 1) Money deposited in your bank account will be considered as a part of your income and liable for income tax. This was obvious but FM made it clear. 2) You will need to show income source of money deposited means if someone deposits money and pays income tax then also he/she will be liable for prosecution under money laundering and other laws. What is this mean? 1) Anyone depositing more than 2.5lakh considering…

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