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The wealthy people who have been nailed to have unreported Swiss bank accounts at the UBS bank are facing such bills. The penalties are fines and jail time - not something genuinely want to tangle along with days. (c) anyone who is actually in possession any sort of money bullion, jewellery as well as other valuable article or thing and such money bullion jewellery and thus. represents either wholly or partly income or property offers either not been or would not really disclosed with the aim of salary Tax Act referred to in the section as undisclosed income or residences.
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