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>Undisclosed foreign assets declared under declaration scheme exempt from wealth tax; unreported assets excluded, understatement limited by disclosed income</h1> Undisclosed foreign assets declared under the specified declaration-cash, bank deposits, bullion or other declared items-located outside India and either not reported by the declarant for assessment years commencing on or before 1 April 2015, omitted from the net-wealth return, or understated, are exempt from wealth-tax: unreported or omitted assets will not be included in net wealth, and understatement is disregarded to the extent it does not exceed voluntarily disclosed income used to acquire the assets. For firm declarations, corresponding partner interests are excluded; the relief applies only if the declarant meets the conditions in the referenced procedural provisions.
TaxTMI 
TaxTMI 
