https://www.taxtmi.com/circulars?id=53713 Chapter VI provides a one time compliance window for residents to declare undisclosed foreign assets (acquired from taxable income prior to 2016 17) in Form 6, subject to authorized signatories and time limits. Declarants must pay a special tax and penalty totalling 60% of the asset value; the window excludes assets already subject to specified notices, searches, surveys, or competent authority information received on or before 30 June 2015. Valid declarations exclude the declared asset from total income, bar use of the declaration in certain prosecutions, and exempt the declared value from Wealth Tax. en-us Thu, 02 Jul 2015 00:00:00 +0530 Sat, 04 Jul 2015 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53713 Chapter VI provides a one time compliance window for residents to declare undisclosed foreign assets (acquired from taxable income prior to 2016 17) in Form 6, subject to authorized signatories and time limits. Declarants must pay a special tax and penalty totalling 60% of the asset value; the window excludes assets already subject to specified notices, searches, surveys, or competent authority information received on or before 30 June 2015. Valid declarations exclude the declared asset from total income, bar use of the declaration in certain prosecutions, and exempt the declared value from Wealth Tax. Circulars Income Tax Thu, 02 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53713