Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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>The Foreign Assets of Small Taxpayers Disclosure Scheme defines eligible declarants, undisclosed foreign assets and valuation rules for disclosure.</h1> The Scheme defines who may declare: residents and certain non-residents who were resident in specified prior years, making them eligible declarants; a declarant files a declaration within a notified last date. It prescribes key definitions: undisclosed asset located outside India is any foreign asset held or beneficially owned where the assessee cannot satisfactorily explain the investment source, and undisclosed foreign income is foreign-sourced income chargeable but not offered to tax in India. Value of asset must be fair market value determined as prescribed, and undefined terms defer to meanings in the Income-tax Act and related statutes.
TaxTMI 
TaxTMI 
