IT Department Issues Notices to Indian Residents for Undeclared Foreign ESOPs and Assets

Last updated: 16 December 2024

The Income Tax Department has intensified its scrutiny of foreign income and assets held by Indian taxpayers. Notices are being sent to employees of multinational corporations (MNCs) holding Employee Stock Options (ESOPs) from foreign parent companies, especially those who failed to declare dividend

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Category Income Tax   Report

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