In fact, the rupee’s decline over the years, strict valuation requirements and the fact that many amounts exceed the prescribed lower limits are discouraging several taxpayers from disclosing previously unreported foreign income and assets.
In fact, the rupee’s decline over the years, strict valuation requirements and the fact that many amounts exceed the prescribed lower limits are discouraging several taxpayers from disclosing previously unreported foreign income and assets.
<iframe src="https://hindustansphere.com/embed/cluster/ffddb08cd0ca2e01167d5f389c3a6e9497da6847" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Taxpayers alert! Weak rupee may push foreign assets above Rs 1cr, raising tax bill"></iframe>
In fact, the rupee’s decline over the years, strict valuation requirements and the fact that many amounts exceed the prescribed lower limits are discouraging several taxpayers from disclosing previously unreported foreign income and assets.
