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    <title>Tax compliance for undisclosed foreign asset</title>
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    <description>Form 6 requires declarant identification, status and return history and an annexed itemised schedule of undisclosed foreign assets by category with acquisition, ownership and valuation particulars. It mandates computation of aggregate fair market value, tax and penalty based on that aggregate, submission of payment proof with challan details, and calculation of balance tax. The verification demands attestations regarding completeness, non-applicability of specified criminal or notification bars, and that assets were not acquired from income already chargeable to tax in specified scenarios; declarations can be voided for non-payment or misrepresentation.</description>
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    <pubDate>Thu, 06 Jun 2024 18:30:31 +0530</pubDate>
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