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Breaking News :-D : Black Money bill passed by parliament RSRS
Rajasabha today passed black money bill which was earlier passed in Loksabha ...
Conformation :
Rajya Sabha passes Black Money Bill
By: News Nation Bureau | Posted On:13, May 2015 | 6:10 PM (IST)
New Delhi: A stringent law imposing a steep 120 per cent of tax and penalty on undisclosed foreign assets and income besides criminal prosecution to deal with black money stashed abroad was passed by the Rajya Sabha on Wednesday.
The bill was passed in Lok Sabha on Tuesday. Having passed by both the houses of Parliament the Black Money Bill will now be sent to the President.
Before the new law comes into effect, a limited period window will be provided to people to declare their till now undisclosed income and assets, pay 30 per cent tax and a similar amount as penalty and escape prosecution.
On Tuesday, the Bill was passed by voice vote in Lok Sabha with support including from opposition, after Finance Minister Arun Jaitley dismissed apprehensions that innocent people will be harassed under the “deterrent” law saying the government does not intend to proceed against trivial violations but wont let big fish escape the net.
(With PTI inputs)
http://m.newsnation.in/article/78462-rajya-sabha-passes-black-money-bill.html
Rajasabha today passed black money bill which was earlier passed in Loksabha ...
Conformation :

Rajya Sabha passes Black Money Bill
By: News Nation Bureau | Posted On:13, May 2015 | 6:10 PM (IST)
New Delhi: A stringent law imposing a steep 120 per cent of tax and penalty on undisclosed foreign assets and income besides criminal prosecution to deal with black money stashed abroad was passed by the Rajya Sabha on Wednesday.
The bill was passed in Lok Sabha on Tuesday. Having passed by both the houses of Parliament the Black Money Bill will now be sent to the President.
Before the new law comes into effect, a limited period window will be provided to people to declare their till now undisclosed income and assets, pay 30 per cent tax and a similar amount as penalty and escape prosecution.
On Tuesday, the Bill was passed by voice vote in Lok Sabha with support including from opposition, after Finance Minister Arun Jaitley dismissed apprehensions that innocent people will be harassed under the “deterrent” law saying the government does not intend to proceed against trivial violations but wont let big fish escape the net.
(With PTI inputs)
http://m.newsnation.in/article/78462-rajya-sabha-passes-black-money-bill.html