Form No. Form 4 - ORDER CERTIFYING VALIDITY OF DECLARATION AND PAYMENT OF AMOUNT UNDER RULE 8 OF THE FOREIGN ASSETS OF SMALL TAXPAYERS- DISCLOSURE SCHEME RULES, 2026
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Foreign asset disclosure certification validates declarations after full payment and grants conditional immunity from further tax, penalties and prosecution. Form 4 records declarant details, the amount determined as payable, applicable interest and the total payment made. On payment of the determined amount ... Summary
Foreign asset disclosure certification validates declarations after full payment and grants conditional immunity from further tax, penalties and prosecution.
Form 4 records declarant details, the amount determined as payable, applicable interest and the total payment made. On payment of the determined amount and delayed-payment interest, the competent income-tax authority certifies payment towards full and final settlement and certifies the validity of the Form 1 declaration. Subject to applicable conditions, immunity applies against further tax, penalty and prosecution concerning undisclosed foreign income and assets. Form 1, Form 2 and Form 3 must be annexed together when Form 4 is issued.
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