New Income Tax Rules and the 84% Penalty

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2026-01-01 11:04:38 - Translate -

In recent times, many taxpayers have heard about an 84% income tax penalty related to cash, undisclosed income, or unaccounted transactions. This has raised serious concerns among business owners, professionals, and individuals who want to remain fully compliant with Indian income tax laws. It is important to clarify that there is no new income tax rule that automatically imposes an 84% tax or...

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