Income tax department advises taxpayers to carefully review their foreign income, assets in ITR

New Delhi [India], November 24 (ANI): The Central Board of Direct Taxes (CBDT) has advised all…

Taxman knows about your foreign assets and is giving you a chance to revise ITR

The Income Tax (IT) department is taking a lenient approach this year to address the non-disclosure…

Mandatory disclosure: Reporting foreign ESPP holdings in schedule FA | Mint

As your employer had disclosed the income from exercise of the ESPP, you would be owning…

Own foreign stocks or MNC Esops? Omit them from ITR at your peril

I-T rules require all taxpayers who hold foreign assets to declare them under Schedule FA. These…

Income tax deadline looms: Know your ITR forms to avoid penalties

Despite some guidance provided by the website, errors in filing can occur. Submitting the wrong form…

Review penalty for non-disclosure of foreign assets

Under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, a…

Ashneer Grover files petition against tax notice issued under Black Money Act

New Delhi: Ashneer Grover, former managing of BharatPe, has filed a writ petition in the Delhi…

Why MNC employees with Esops are on taxman’s radar

On visiting the IT office, tax officials informed him that high value transactions of around €20,000…

The Complicated Task of Reporting Foreign Income

The enactment of the Black Money Act in 2015 instituted a notable change in the Income…