INCOME TAX NEW LAW FOR TRANSFERRING MONEY ABROAD

Income tax department has issued some new guidelines for transferring money outside india. The new law is constituted for stopping the black money and recovery the money from abroad.

A Committee has been constituted to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer abroad and its recovery. The Committee is calling for feedback from all the stakeholders on this issue through 

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