Beyond Borders: Understanding the Impact of the Black Money Act on Foreign Assets and Income

DHANUSH D BOLAR , Last updated: 26 March 2024 Share Follow on Google News

Introduction Navigating tax compliance is essential for residents with foreign assets or income, ensuring they meet all reporting and disclosure obligations under the Income Tax Act and the Black Money Act. Not disclosing foreign assets and income in your Income Tax return could trigger tax and p

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About the Author

DHANUSH D BOLAR

Partner, M/s. Nitin J Shetty and Co

CA. Dhanush D. Bolar is a partner in M/s. Nitin J Shetty Co and an associate member of the Institute of Chartered Accountants of India since 2019.He has an experience in the field of Direct Tax, Tax planning and audit assurance and FEMA compliance and advisory. His area of specialisation includes corporate audits, ad ... Read more

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