The Finance Bill 2016 to keep black money compliance window disclosure secret

Q.  Black money compliance window disclosure will be kept a secret according to amendments in which bill?
- Published on 09 May 16

a. Finance Bill 2016
b. Income Tax Disclosure Bill 2016
c. Finance Disclosure Bill 2016
d. None of the above

ANSWER: Finance Bill 2016
 
Black money compliance window disclosure will be kept secret. Disclosures made in the 4 month compliance window beginning June 1 for domestic black money holders to reveal all will be kept secret according to an amendment to the Finance Bill 2016 approved by the LS. Finance Minister Arun Jaitley bought 21 amendments to the Finance Bill 2016 approved by the LS.

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