Foreign asset disclosure eligibility depends on aggregate-value ceilings, while limited valuation variance preserves declaration validity in assessment proceedings.

Electronic declarations of undisclosed foreign assets or income under section 133 must be filed in Form 1 and remain subject to separate aggregate-value ceilings for the prescribed categories. Combined foreign asset and income declarations, and multiple foreign income declarations, are eligible only within the applicable income-and-asset threshold; declarations consisting of undisclosed foreign assets are separately governed by the asset threshold. A fair-market-value variance for an asset other than a bank account does not invalidate a declaration under section 134(3) solely for misrepresentation or false particulars where it remains within twenty per cent of the declared value.

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