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<h1>Declared undisclosed foreign assets excluded from total income if prescribed tax and penalty paid by notified deadline; nonpayment voids exclusion</h1> Undisclosed investments in assets located outside the country, when declared under the specified declaration provision, shall not be treated as part of the declarant's total income for any assessment year under the domestic income-tax law, provided the declarant pays the prescribed tax and penalty by the notified deadline. Failure to make those payments by the date specified negates this exclusion.