Tag: undisclosed foreign assets

Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026 notified. Rule come into force on the 16th day of August, 2026. The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (in short, “FAST-DS”) is a one-time voluntary compliance mechanism introduced under Chapter IV (running from Sections 130 to …

Undisclosed foreign assets of more than Rs. 200 crore detected by Income Tax Department apart from domestic tax evasion of more than Rs. 30 crore    Income Tax Department has recently conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (namely Delhi, …