Synopsis of Taxation Laws (Second Amendment) Bill, 2016
STATEMENT OF OBJECTS AND REASONS: Evasion of taxes deprives the nation from critical resources. It also puts a disproportionate burden on the honest taxpayers. Concerns have been raised that some of the existing provisions of the Income-tax Act, 1961 could possibly be used for concealing black money. It is, therefore, important that the Government amends […]
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