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Jun 25, 2011

Home / INCOME TAX / INCOME TAX NEW LAW FOR TRANSFERRING MONEY ABROAD

INCOME TAX NEW LAW FOR TRANSFERRING MONEY ABROAD

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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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