Failure to disclose foreign assets, income to invite ₹10L penalty: I-T dept
Image used for representation | Photo Credit: Getty Images The Income-Tax Department on Sunday (November 17, 2024) cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of ₹10 lakh under the anti-black money law. Also Read: I-T Dept. has served notices in…
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