Under the proposed law, no authority will be allowed to raise questions or initiate proceedings regarding such income if the taxpayer voluntarily discloses the amount and pays the required tax, notwithstanding any provisions in the Income Tax Act or other laws in force

Under the proposed law, no authority will be allowed to raise questions or initiate proceedings regarding such income if the taxpayer voluntarily discloses the amount and pays the…

The facility allows buyers and sellers to regularise undeclared funds in land and apartment transactions without questioning source