#NewDelhi : The four-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty will open on Wednesday.
People who have made money through corrupt means will not be allo-wed to take advantage of the disclosure window. Under this scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surch-arge totalling 45 per cent at the fair market value.
The declaration made under the scheme will not be used against the declarants under the Income-Tax Act or Wealth Tax and will provide immunity from Benami Transactions (Prohib-ition) Act.
Bureau Report
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