TMI BlogPunishment for failure to furnish in return of income, any information about an asset (including financial interest in any entity) located outside India.X X X X Extracts X X X X X X X X Extracts X X X X ..... ncluding financial interest in any entity) located outside India. 50. If any person, being a resident other than not ordinarily resident in India within the meaning of clause (6) of section 6 of the Income-tax Act, who has furnished the return of income for any previous year under sub-section (1) or sub-section (4) or sub-section (5) of section 139 of that Act, wilfully fails to furnish in suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnished the return of income for any previous year under sub-section (1) or sub-section (4) or subsection (5) of section 139 of that Act, wilfully fails to furnish in such return any information relating to an asset (including financial interest in any entity) located outside India, held by him, as a beneficial owner or otherwise or in which he was a beneficiary, at any time during such previous ..... X X X X Extracts X X X X X X X X Extracts X X X X
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