Income Tax Act Amendment A 'Win-Win', To Boost Government Revenues: Experts

New Delhi: Terming proposed amendments to the Income Tax Act as a "win-win" proposition, experts today said it will give one more opportunity to black money holders to come clean by paying tax and penalty of 50 per cent. "The amendments are progressive in nature and puts to rest to the uncertainty on the penalties on the amounts deposited in bank accounts post announcement of demonetisation," KPMG (India) Partner and Head of tax Gir...