Disclose foreign income accurately: I-T department kicks off campaign
Income tax department is reaching out to taxpayers, reminding them to declare any foreign income or assets in their 2024-25 tax returns. Using data from international agreements, the department is targeting individuals who may have overseas holdings and haven't fully disclosed them, aiming to ensure compliance with tax laws and prevent penalties.
Income tax department is reaching out to taxpayers, reminding them to declare any foreign income or assets in their 2024-25 tax returns. Using data from international agreements, the department is targeting individuals who may have overseas holdings and haven't fully disclosed them, aiming to ensure compliance with tax laws and prevent penalties. What's Your Reaction?
