Failure to disclose foreign assets, income to invite ₹10 lakh penalty: I-T dept

The department said taxpayers figuring under this criteria “must mandatorily” fill the foreign asset (FA) or foreign source income (FSI) schedule in their ITR even if their income is “below the taxable limit” or the asset abroad was “acquired from disclosed sources”

Related posts

After Fitch, Moody’s also switches outlook on Adani group firms to ‘negative’

PAN 2.0 Project: All you need to know

CNG price hiked by ₹2 in Mumbai, other cities; election bond-Delhi spared