Amount payable by declarant.

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....nt under this Scheme shall be as specified in column (3), subject to the conditions in column (4), of the said Table: TABLE Sl.No. Type of assets or income Amount payable Conditions (1) (2) (3) (4) 1. (a) Undisclosed asset located outside India; or (b) undisclosed foreign income. Aggregate of,- (i) tax at the rate of thirty per cent. of the value of ....

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...., 1961 (43 of 1961) by the assessee, but such assets were not declared by him in the relevant Schedule in the return of income. A fee of one lakh rupees. The value of the asset located outside India does not exceed five crore rupees. - Clauses 114 to 128 of the Bill seeks to insert a new Chapter relating to the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026. The Chapter, i....

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....rovisions relating to the manner, form and verification of the declaration and the circumstances in which such declaration shall be deemed invalid; (f) the provisions relating to electronic verification of declarations, determination of the amount payable, time limits for payment, levy of interest for delayed payment and issuance of certificate evidencing payment; (g) the provisi....