Blackmoney Bill likely to be tabled on Friday

The Blackmoney Bill, likely to be tabled in Lok Sabha on Friday, will provide a short window to overseas asset holders to declare their wealth, pay taxes and penalties to escape punitive action.

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The government is likely to  table in the Lok Sabha on Friday a Bill to make non-disclosure of overseas income and assets a predicate offence that will attract punitive action including up to a 10-year jail term.