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>Tax officer can demand documents, investigate undisclosed foreign income/assets, and assess or make best-judgment assessments for noncompliance</h1> The Assessing Officer may, on receiving information from tax or other authorities or otherwise, serve notices on any person requiring production of accounts, documents or evidence and may issue further notices as needed; the Officer may make inquiries to obtain full information about undisclosed foreign income and assets for relevant years. After considering produced materials and inquiry results, the Officer will assess or reassess the undisclosed foreign income and assets and determine the sum payable. If the person fails to comply with notices, the Officer, after gathering relevant material and giving an opportunity of hearing, may make a best-judgment assessment.
TaxTMI 
TaxTMI 
