CapitalStars Financial Research Pvt Ltd

CapitalStars

CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

Commodity Market Services

Commodity Market Services

In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

Nifty Market Services

Nifty Future Services

We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

Equity Market Services

Equity Market Services

In this service we provide 2-4 intraday stock cash calls in NSE/BSE with a high level of accuracy.You can also avail Free Stock Tips for two days to test our accuracy and if satisfied you can join stock cash services with Capital Stars. Read More

Register now

CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Saturday 26 November 2016

Demonetisation: Unaccounted deposits to attract 50% tax - 26 Nov 2016




Those who deposited their black money in banks, disclosing it to be untaxed wealth, since the government announced demonetisation will now have to pay income tax at 50% and a quarter of the portion of the unaccounted income would remain with the government for four years, as per amendments planned to the Income Tax Act by the Centre.

The amendments will be tabled in Parliament for approval by Monday or Tuesday, a top government official said on Friday.

According to the amendments planned, those who deposit their unaccounted income in banks till the last date would have to pay a 50% tax and will have to forgo 25% of the deposited amount for four years. Those who do not disclose their black money and are caught by income tax (I-T) officer would have to pay 60% tax and 30% penalty, the official said.

The government announced demonetisation of the old series Rs 500 and Rs 1,000 currency notes on November 8. Those who possess money in these denominations were allowed to exchange it for new notes at banks till Thursday, or deposit the sum in their accounts till December 30.

The amendments to the I-T Act were approved by the Union Cabinet on Thursday. The sum that a black money holder will have to forgo for four years may be invested in zero-rated bonds, sources said. But there was no clarity about this yet.

Responding to reports, sources in the government also clarified it had no intention of imposing any limit of holding of gold.

Black money holders who availed of the recent window had to pay 45% of the money to the government, comprising 30% income tax, 7.5% penalty and surcharge each. The tax is to be paid in three instalments — 25% of the total tax, cess and penalty by November 30, an equivalent amount by March 30 next year and 50%^by September 30.


Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-

Commodity Market Tips
Equity Tips
Share Market Tips


* Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

0 comments:

Post a Comment