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May 25, 2016
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Asset value math may hit black money window
In what could deter people from declaring black money during the four-month window beginning next month, the tax liability on the declared asset will be on the appreciated value.Although the government has tried to balance it by extending the capital gains tax benefit when the asset is sold later, it may still create cash flow problems in paying the tax on the appreciated asset within two months of the scheme closing on September 30.
Source -
http://www.business-standard.com
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