638 Declarations received declaring undisclosed Foreign Assets amounting to 3770 Crore under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015;Officer Designated to receive the declarations worked till midnight yesterday, 30th September 2015 and E-Filing Portal was also open till midnight to receive the declarations; Tax at the rate of 30 percent and Penalty at the rate of 30 percent is to be paid by 31st December 2015 https://www.taxtmi.com/news?id=15038 The Act provided a limited-duration compliance window for disclosure of undisclosed foreign assets; 638 declarations declaring Rs. 3770 crore were received via e filing and a designated officer until the window closed. Declarations are subject to final reconciliation. Persons using the window are required to pay specified tax and penalty liabilities by the stipulated payment deadline as the operative condition for regularisation. en-us Thu, 01 Oct 2015 12:08:10 +0530 Thu, 01 Oct 2015 12:08:10 +0530 TaxTMI RSS Generator 638 Declarations received declaring undisclosed Foreign Assets amounting to 3770 Crore under The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015;Officer Designated to receive the declarations worked till midnight yesterday, 30th September 2015 and E-Filing Portal was also open till midnight to receive the declarations; Tax at the rate of 30 percent and Penalty at the rate of 30 percent is to be paid by 31st December 2015 https://www.taxtmi.com/news?id=15038 The Act provided a limited-duration compliance window for disclosure of undisclosed foreign assets; 638 declarations declaring Rs. 3770 crore were received via e filing and a designated officer until the window closed. Declarations are subject to final reconciliation. Persons using the window are required to pay specified tax and penalty liabilities by the stipulated payment deadline as the operative condition for regularisation. News - Thu, 01 Oct 2015 12:08:10 +0530 https://www.taxtmi.com/news?id=15038