IT Dept. releases Undisclosed Foreign Income and Assets challan

Aug 20,2015

IT Dept. releases Undisclosed Foreign Income and Assets challan for payment of tax under the Black Money Law; Similar to regular tax payment/TDS challan, black money challan seeks details of PAN, AY, name/address etc. ; Further seeks bifurcation of amount into income-tax, interest, penalty and others; Directs use of separate challan for each type of payment and requires mandatory quoting of PAN 

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