Demonetisation: Unaccounted deposits in old notes to attract 50% tax, 4-year lock-in period
Unaccounted deposits made in old currencies up to December 30 will attract a 50 per cent tax and a lock-in about four years if it is declared to the Income Tax Department, sources in the government said on Friday, as the central government continues to plug holes 20 days after it announced that high-value currency…