Paying tax won't legitimise cash stashes
- Posted on June 7, 2026
- By Business News Today
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- 1 min read
Paying tax won't legitimise cash stashes
The taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department to confiscate it. Even if tax is paid, individuals can't escape benami law if they fail to reveal the source of the money, impacting those trying to regularize unaccounted wealth.
