Foreign assets disclosure requires prescribed electronic verification and invalidates declarations if material particulars are false or conditions breached. Clause 118 requires declarations under the Scheme to be made in prescribed form to the income-tax authority and verified electronically to confirm eligibility and conformity of declared foreign income or assets; declarations are deemed invalid if any material particular is false or Scheme conditions are violated.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign assets disclosure requires prescribed electronic verification and invalidates declarations if material particulars are false or conditions breached.
Clause 118 requires declarations under the Scheme to be made in prescribed form to the income-tax authority and verified electronically to confirm eligibility and conformity of declared foreign income or assets; declarations are deemed invalid if any material particular is false or Scheme conditions are violated.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
