Penalty On Old Notes
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Mumbai Man Gets Death Penalty In 2017 Double Murder Case
A sessions court here has convicted and imposed the death penalty on a man for killing an old woman and a two-year-old girl in 2017 by setting them on fire, noting the case falls under the "rarest of rare" category.
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Possession Of More Than 10 Junked Notes Will Now Attract Fine
Holding of more than 10 notes of the junked Rs 500 and Rs 1,000 currency is now illegal, with a new law coming into effect after the President's assent.
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New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
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Ordinance Planned To Impose Penalty For Holding Junked Notes
The government had while announcing the demonetisation of the old currency allowed holders to either exchange them or deposit in bank and post office accounts.
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Black Money Tax: Government's New Income Declaration Scheme In 10 Points
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the...
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Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
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200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
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Mumbai Man Gets Death Penalty In 2017 Double Murder Case
A sessions court here has convicted and imposed the death penalty on a man for killing an old woman and a two-year-old girl in 2017 by setting them on fire, noting the case falls under the "rarest of rare" category.
-
Possession Of More Than 10 Junked Notes Will Now Attract Fine
Holding of more than 10 notes of the junked Rs 500 and Rs 1,000 currency is now illegal, with a new law coming into effect after the President's assent.
-
New Rule: Soon, Punishment For Holding More Than 10 Old Notes, Centre Clears Ordinance
It will be a crime to have more than 10 banned notes after Friday, under a new rule approved by the government. An ordinance or executive order was cleared by the cabinet on Wednesday and will be sent to the President for his sign-off. 500 and 1,000-rupee notes were banned by the government on November 8 in a massive anti-corruption move. Old notes...
-
Ordinance Planned To Impose Penalty For Holding Junked Notes
The government had while announcing the demonetisation of the old currency allowed holders to either exchange them or deposit in bank and post office accounts.
-
Black Money Tax: Government's New Income Declaration Scheme In 10 Points
With the ban on 500 and 1,000-rupee notes now more than two weeks old, the government has proposed new rules to tax black money that is being unearthed. The bill was submitted on Monday for parliament's review by Finance Minister Arun Jaitley as the government is being attacked by a united opposition over its sudden withdrawal of 86 per cent of the...
-
Unaccounted Deposits In Old Notes To Attract 50 Per Cent Tax, 4-Year Lock-In Period
A minimum of 50 per cent tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4-year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in parliament shortly.
-
200% Penalty On Unexplained High Deposits May Be Slapped Before Tax Filing
Income Tax Department may slap a hefty 200 per cent penalty on unexplained high cash deposits in banks even before annual tax returns are filed, Finance Ministry said.
