Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 - Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015
Undisclosed foreign assets must be declared in Form 6; acknowledgement in Form 7 follows after tax and penalty payment. A declarant must make a declaration for any undisclosed asset located outside India using Form 6. After the declarant submits proof of payment of tax ... Summary
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
Undisclosed foreign assets must be declared in Form 6; acknowledgement in Form 7 follows after tax and penalty payment.
A declarant must make a declaration for any undisclosed asset located outside India using Form 6. After the declarant submits proof of payment of tax alongwith penalty under the relevant payment provision, the Principal Commissioner or the Commissioner shall grant an acknowledgement in Form 7 to the declarant within fifteen days of such submission.
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