Tag: foreign assets disclosure
Posted in Business
Income-tax department nudges UAE property owners to disclose undeclared assets
The Income-Tax Department has analysed details received from multiple sources about people owning undeclared properties abroad and recently “nudged select taxpayers” who have invested in…
Posted in Economy
Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for many
Mumbai: The rupee’s slide over the years, stern valuation rules, and amounts beyond the low stipulated cut-offs are deterring many who want to come clean…
Posted in Economy
Govt opens window for disclosure of foreign assets, income
The government has opened a limited disclosure window for taxpayers to regularise specified foreign bank accounts, overseas property, jewellery, artwork, shares and securities and other…
Posted in Economy
India ‘strong champion’ of measures against offshore tax evasion: OECD official
New Delhi: India is a “strong champion” in implementing transparency measures against offshore tax evasion and its recent campaign asking taxpayers to correctly report their…