Amendments in Black Money Act to remove penalty on undisclosed foreign assets worth ₹20 lakh: CBDT chief

Currently, if taxpayers fail to disclose a foreign asset worth ₹5 lakh, they have to pay a penalty of ₹10 lakh.

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Jul 26, 2024 - 00:00
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Amendments in Black Money Act to remove penalty on undisclosed foreign assets worth ₹20 lakh: CBDT chief
Currently, if taxpayers fail to disclose a foreign asset worth ₹5 lakh, they have to pay a penalty of ₹10 lakh.
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