Turning black money whiteBy Mail Today in New Delhi
Jaitley has proposed a limited period compliance window for domestic tax payers to declare undisclosed income represented in any form of assets.
People can now clear up past transgressions by paying tax at 30 per cent, a surcharge at 7.5 per cent, and a penalty at 7.5 per cent which is a total of 45 per cent of the undisclosed income.
Jaitley said: