1 article written by CA Ajay Singhal on ConsultEase.
Lok Sabha passed Taxation Laws (Second Amendment) Bill, 2016 today (29 NOV 2016). Highlights are: # Any income assessed u/s 68/69/69A/69/69C/69D (including share capital, unsecured loans, etc) to be taxed u/s 115BBE, to be increased from 30% to 60% plus 25% surcharge i.e. 75%. #
