Sunday, 17 November 2024

Failure to disclose foreign assets, income to invite ₹10L 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"

from Business News Today, Latest Finance News | The Hindu

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