Yeah , I loved Miss A ' s music , they had a really nice concept imo . Oh well , I ' ll sure we ' ll all miss them . <| sep |> Of course it was . M he ' s tired and kind of irritable lol . <| sep |> I am but I don ' t like the implication that it has anything to do with fascism . <| sep |> Had this happen to me in same sequence fail All Alone , pass Terror check and than started kicking my ass . <| sep |> Why do I feel that this is a bad idea ? <| sep |> Yes , it is the government forcing casinos to not be charities . Without those pesky laws I ' m sure the casinos would love to make less money . <| sep |> Let ' s not even mention a $ 50 bottle of wine <| sep |> Holy shit . Libel suits like a mother fucker . Everyone cast your accusations now . <| sep |># Demonetisation Unaccounted deposits to attract 50 % tax , 4 year lockin periodHighlights 1 . The proposal was considered by the Union Cabinet meeting chaired by PM Modi last night . 1 . The government is keen to tax all unaccounted money deposited in bank accounts . 1 . The government wants to move the economy further towards digital transactions . IMAGE 155620307 , width 400 , resizemode 455620307 . jpg IMAGE 2 NEW DELHI A minimum of 50 % tax may be levied on unexplained bank deposits made using the banned currency notes up to December 30 along with a 4 year lock in period for half of the remaining amount under the amendments to tax law the government plans to bring in Parliament shortly . However , a higher 90 % tax and penalty could be imposed if assessees do not declare the unaccounted cash voluntarily . Cash deposits made using the scrapped 500 and 1000 rupee notes above a threshold that are declared to Income Tax authorities may attract 50 % tax , as per the amendment to theIncome Tax Actapproved by the Cabinet last night . Half of remaining deposits , or 25 % of the original deposit , will not be allowed to be withdrawn for four years , top sources said . In case such deposits are not declared and are detected by tax authorities , a total of 90 % tax and penalty would be charged , they said . The government had after the shockdemonetisation , given a 50 day window beginning November 10 for either depositing the 500 and 1000 rupee notes in circulation or exchanging them for new currency . While the exchange , which was limited to a maximum of Rs 2 , 000 per person , has been withdrawn , all old notes without any ceiling can be deposited in bank accounts . This , sources said , had led to a surge in bank deposits , particularly in zerobalance Jan Dhan accounts that swelled by over Rs 21 , 000 crore in just two weeks , raising suspicion that these accounts may have been used to launderblack money . While the tax authorities had talked of levying a peak rate of tax and 200 % penalty on top of it for any unexplained deposit above Rs 2 . 5 lakh during November 10 to December 30 period , it was felt that such a move may not have legal backing . To plug those loopholes , the Cabinet is believed to have yesterday approved amending the Income Tax Act by adding a clause in one of the sections to provide for the tax on an unexplained income during the window , sources said . The government plans to bring the amendment for approval during the ongoing winter session of Parliament . Sources said the demonetisation was a big step to uproot black money and corruption but its very purpose would have been defeated if the illgotten wealth made way into the system through benami deposits . And taxing them was a way to punish dishonest people . The tax rate however cannot be the same as charged to honest tax payers . It also could not be the 45 per cent tax and penalty charged on hereto undisclosed wealth brought to books using a onetime compliance window under the Income Disclosure Scheme IDS that ended on September 30 . Sources said since the black money holder did not utilise the government offer to declare his illgotten wealth , he should pay a higher rate of tax now and curbs placed on use of that money . Version 0 . 5 b Function I post the article ' s text as a comment if the website is adblocker unfriendly . I accept commands ! Rendered by PROMETHEUS