Published on March 16, 2012
New Delhi : To bring out unaccounted money, the Finance Minister proposed several measures including 30 percent taxation of unexplained money, credits, investments and expenditures.
Compulsory reporting of assets held abroad, assessment upto 16 years, tax on purchase of jewellery exceeding two lakh rupees, deduction at sources on transfer of immovable properties and trading in coal, lignite and iron ore are the other measures.