Assessee definition under Black Money Act clarifies residency criteria for inclusion of persons with undisclosed foreign assets. Definition of assessee under the Black Money Act specifies that an assessee includes residents, and non residents or not ordinarily residents who were ... Summary
Assessee definition under Black Money Act clarifies residency criteria for inclusion of persons with undisclosed foreign assets.
Definition of assessee under the Black Money Act specifies that an assessee includes residents, and non residents or not ordinarily residents who were resident in the previous year related to the undisclosed income or the previous year when the undisclosed foreign asset was acquired, with previous year for acquisition determined without applying clause (c) of section 72.
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