The Central Government has announced that individuals who own and enjoy assets abroad should voluntarily come forward and pay the applicable income tax on those assets.”
CBDT enhances taxpayer services by enabling taxpayers to view their Foreign Asset Information through the Annual Information Statement (AIS) In a significant step towards enhancing taxpayer services and promoting voluntary tax compliance, the Central Board of Direct Taxes (CBDT) has enabled display of information relating to foreign assets and income, received under the Automatic Exchange […]
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