Undisclosed money: A ray of hope for trade
Budget
11 June, 2020, 04:10 pm
Last modified: 11 June, 2020, 04:21 pm
Investment of the undisclosed money was granted for one year beginning from July 1, 2020
The government's plan to allow unconditional investment of untaxed money has given the country's capital market the hope for a major boost.
Investment of the undisclosed money was granted for one year beginning from July 1, 2020.
People, who will avail the facility to invest in securities such as- stocks, mutual funds and bonds, will have to pay only 10 percent tax within 30 days of their investments, without paying any penalty.
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