Declared foreign assets excluded from total income if the specified payment is made within the extended period. Income or the amount of investment in an asset declared under the disclosure scheme is excluded from the declarant's total income for any assessment year under the Income-tax Act, 1961 and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, if the declarant makes payment of the specified amount within the extended period.
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.
Declared foreign assets excluded from total income if the specified payment is made within the extended period.
Income or the amount of investment in an asset declared under the disclosure scheme is excluded from the declarant's total income for any assessment year under the Income-tax Act, 1961 and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, if the declarant makes payment of the specified amount within the extended period.
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