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Persons Holding Undisclosed Foreign Assets are Advised to file Their Declarations well in Time as Provided Under the Compliance Window of the New Black Money Act; One-Time Compliance Opportunity will End on 30th September, 2015; Information Contained in the Declaration will be Kept Confidential; Process of Filing Declaration is Simple and can be Filed Online also; Fears of Harassment of the Declarants Expressed in Certain Fora are Totally Unfounded |
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22-9-2015 | |||
Persons holding undisclosed foreign assets are advised to file their declarations in time well before the 30th September, 2015 as provided under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (the Act). The information contained in the declaration will be kept confidential as Section 138 of the Income-tax Act is applicable to the declarations. The process of filing declaration is simple and the declaration can be filed online also. The fears of harassment of the declarants expressed in certain fora are also totally unfounded. |
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