Know how much tax you need to pay for disclosing undisclosed foreign asset under Foreign Assets of Small Taxpayers disclosure scheme rules notified by CBDT

The government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thresholds of ₹1 crore and ₹5 crore, with…

Income Tax Department launches a scheme for small taxpayers to disclose foreign assets up to ₹5 crore until December 2026.