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Government rolls out foreign asset disclosure scheme for small taxpayers
The government introduces a foreign asset disclosure scheme for small taxpayers, allowing voluntary declarations with a 60% tax.
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economictimes.indiatimes.com
Govt opens window for disclosure of foreign assets, income
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…
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thehindubusinessline.com
Income Tax Department rolls out foreign asset disclosure scheme for small taxpayers
Income Tax Department launches a scheme for small taxpayers to disclose foreign assets up to ₹5 crore until December 2026.
