Slew of Measures Proposed to Deter Generation and Use of Unaccounted Money Tax Collection at Source on Cash Purchase of Bullion/Jewellery Above Rs. 2 Lakh Tax Collection at Source on Trading in Coal, Lignite and Iron Ore Unexplained Money to be Taxed at 30 Per Cent.

Slew of Measures Proposed to Deter Generation and Use of Unaccounted Money Tax Collection at Source on Cash Purchase of Bullion/Jewellery Above Rs. 2 Lakh Tax Collection at Source on Trading in Coal, Lignite and Iron Ore Unexplained Money to be Taxed at 30 Per Cent. https://www.taxtmi.com/news?id=2879 Proposals introduce compulsory reporting for assets held abroad, permit extended reopening of assessments for such assets, expand tax collection at source on high value cash purchases of bullion and on mineral trading, impose withholding on specified immovable property transfers, increase scrutiny of funds received by closely held companies and tax unexplained money, credits, investments and expenditures at a flat highest rate of 30 per cent. en-us Fri, 16 Mar 2012 13:19:35 +0530 Fri, 16 Mar 2012 13:19:35 +0530 TaxTMI RSS Generator Slew of Measures Proposed to Deter Generation and Use of Unaccounted Money Tax Collection at Source on Cash Purchase of Bullion/Jewellery Above Rs. 2 Lakh Tax Collection at Source on Trading in Coal, Lignite and Iron Ore Unexplained Money to be Taxed at 30 Per Cent. https://www.taxtmi.com/news?id=2879 Proposals introduce compulsory reporting for assets held abroad, permit extended reopening of assessments for such assets, expand tax collection at source on high value cash purchases of bullion and on mineral trading, impose withholding on specified immovable property transfers, increase scrutiny of funds received by closely held companies and tax unexplained money, credits, investments and expenditures at a flat highest rate of 30 per cent. News - Fri, 16 Mar 2012 13:19:35 +0530 https://www.taxtmi.com/news?id=2879