TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Definition of total undisclosed foreign income and assets for tax purposes, excluding assessment and reassessment adjustments</h1> Total undisclosed foreign income and assets comprise: income from foreign sources not disclosed in the taxpayer's prescribed income-tax returns; foreign-source income for which a return is required but was not filed within the prescribed time; and the value of undisclosed assets located abroad. Adjustments or variations to foreign-source income made during assessment or reassessment under the income-tax assessment provisions are excluded from this definition. Income classified as total undisclosed foreign income and assets under this Act is not treated as part of the taxpayer's total income under the Income-tax Act.
TaxTMI 
TaxTMI 
