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New black money law creating panic, confusion: Assocham

The new black money law is creating panic and confusion among taxpayers, industry body Assocham said today, while asking the government to hold wider consultations and bring necessary changes to this legislation. “Based on a wide range of consultations with a cross section of the taxpayers, we found that there is so much of confusion and in some cases, even panic, for being on the wrong side of this law by non-compliance which may result from inadvertent steps,” it added.

Source : http://economictimes.indiatimes.com/news/economy/policy/new-black-money-law-creating-panic-confusion-assocham/articleshow/48436911.cms

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