https://www.taxtmi.com/news?id=14494 The Act charges tax on total undisclosed foreign income and the fair market value of undisclosed assets located outside India, computed without deductions or set offs; a voluntary declaration window allows payment of tax and an equal penalty on declared assets with prescribed filing and payment formalities, after which declared amounts are not admissible evidence in most penalty or prosecution proceedings and may be excluded from net wealth subject to conditions. en-us Thu, 14 May 2015 12:02:00 +0530 Fri, 03 Jul 2015 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14494 The Act charges tax on total undisclosed foreign income and the fair market value of undisclosed assets located outside India, computed without deductions or set offs; a voluntary declaration window allows payment of tax and an equal penalty on declared assets with prescribed filing and payment formalities, after which declared amounts are not admissible evidence in most penalty or prosecution proceedings and may be excluded from net wealth subject to conditions. News - Thu, 14 May 2015 12:02:00 +0530 https://www.taxtmi.com/news?id=14494