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of <h1>Finance Bill 2019: Amendments to Section 228A Enhance Tax Recovery from Residents with Global Property Obligations.</h1> The Finance (No. 2) Bill, 2019 proposes amendments to section 228A of the Income-tax Act to enhance tax recovery measures in alignment with international agreements. Currently, the Act allows the Central Government to recover taxes from individuals with property in India based on foreign government requests. The proposed amendments will extend this recovery capability to cases where property details are unavailable, provided the individual is a resident in India or the defaulter is a resident abroad. These changes aim to fulfill treaty obligations and will be effective from September 1, 2019.
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