Saturday, Apr 20 2024 | Time 00:43 Hrs(IST)
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Parliament


Black Money Bill introduced in Lok Sabha

New Delhi, Mar 20 (UNI) Government today introduced the Undisclosed Foreign Income and Assets(Imposition of Tax) Bill in the Lok Sabha. The Bill was moved by Finance Minister Arun Jaitley. It provides for stringent punishment for concealing taxable wealth, stashed away in foreign banks. The government's intention to bring in a new law to curb the black money was announced in the General Budget for 2015-16 by the Finance Minister. UNI NY/NAZ SW/RSA VP1520
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