Browsing: foreign assets

Under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, a penalty is provided for…

My deceased mother was a non-resident Indian (NRI) and during her work abroad, she invested $20000 in a fund falling…

On visiting the IT office, tax officials informed him that high value transactions of around €20,000 (about ₹18 lakh) were…

I am a mechanical engineer living in Doha (Qatar) for the last four years. Is my income earned abroad taxable…

Black money or unaccounted money or undisclosed income, have for long been key issues for the government and the income…

One ought to note that Schedule FA merely seeks disclosure pertaining to the foreign assets.The Income Tax Act casts an…