https://www.taxtmi.com/acts?id=54834 Electronic declarations of undisclosed foreign assets or income under section 133 must be filed in Form 1 and remain subject to separate aggregate-value ceilings for the prescribed categories. Combined foreign asset and income declarations, and multiple foreign income declarations, are eligible only within the applicable income-and-asset threshold; declarations consisting of undisclosed foreign assets are separately governed by the asset threshold. A fair-market-value variance for an asset other than a bank account does not invalidate a declaration under section 134(3) solely for misrepresentation or false particulars where it remains within twenty per cent of the declared value. en-us Mon, 17 Aug 2026 16:27:20 +0530 Mon, 17 Aug 2026 16:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54834 Electronic declarations of undisclosed foreign assets or income under section 133 must be filed in Form 1 and remain subject to separate aggregate-value ceilings for the prescribed categories. Combined foreign asset and income declarations, and multiple foreign income declarations, are eligible only within the applicable income-and-asset threshold; declarations consisting of undisclosed foreign assets are separately governed by the asset threshold. A fair-market-value variance for an asset other than a bank account does not invalidate a declaration under section 134(3) solely for misrepresentation or false particulars where it remains within twenty per cent of the declared value. Act-Rules Direct Taxes Mon, 17 Aug 2026 16:27:20 +0530 https://www.taxtmi.com/acts?id=54834