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reporting foreign assets

Taxman knows about your foreign assets and is giving you a chance to revise ITR
  • Personal Finance

Taxman knows about your foreign assets and is giving you a chance to revise ITR

TheSpuzz Desk6 months ago08 mins

Source: Live Mint The Income Tax (IT) department is taking a lenient approach this year to address the non-disclosure of foreign assets in income tax returnsfiled in the current assessment year. This week, the department has sent out emails to taxpayers who have not reported foreign assets, asking them to revise their tax return.  This…

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