Income tax return
This query is : Resolved
29 August 2015
dear sir, the person who has resident and ordinary resident has filed his return of income of a.y. 2014-2015 in time. however he was holding bank account in foreign. and also earned income there . now since he is resident and ordinary resident he need to offer his global income for tax. So we are revising it now question is whether for a.y. 2014-2015, it was compulsory to disclose all the bank account held in foreign and also need to disclosed foreign assets if any . Plz note that am talking about a.y. 2014-2015.
30 August 2015
Yes it is compulsory for resident to disclose all bank account held in foreign and also foreign assets for AY 2014-15.
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