Offshore wealth assessment expanded to permit reopening and deem foreign assets as escaped for taxation purposes. Amendments increase the salary ceiling for exemption of company allotted residential houses from taxable assets, expand and clarify escaped assessment rules to include assets and financial interests located outside India as grounds for reopening (extending the temporal window and deeming discovery of foreign assets as escaped net wealth), increase assessment and reassessment time limits by three months, exempt the Reserve Bank of India's net wealth retrospectively, and validate certain income tax demands arising from transfers of shares of foreign companies when the underlying capital asset is in India.