https://www.taxtmi.com/news?id=16999 The amendment targets deposits made after demonetisation by imposing heavy taxation and penalties on illegal currency conversion, while establishing a taxed voluntary disclosure regime that provides an immediate partial refund and a deferred refund after a fixed period; the measures operate as deterrence and recovery mechanisms. en-us Tue, 29 Nov 2016 18:47:54 +0530 Tue, 29 Nov 2016 18:47:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16999 The amendment targets deposits made after demonetisation by imposing heavy taxation and penalties on illegal currency conversion, while establishing a taxed voluntary disclosure regime that provides an immediate partial refund and a deferred refund after a fixed period; the measures operate as deterrence and recovery mechanisms. News - Tue, 29 Nov 2016 18:47:54 +0530 https://www.taxtmi.com/news?id=16999