alleryStart learning →From AY 2017-18, 115BBE taxes unexplained income at what basic rate?
A30 percent
B45 percent
C50 percent
D60 percent
Answer & Solution
Correct answer: D. 60 percent
The Taxation Laws (Second Amendment) Act, 2016 raised the rate from 30 to 60 percent, before surcharge and cess.
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