Govt opens one-time foreign assets' disclosure window starting Aug 16
Eligible taxpayers can disclose specified foreign income and assets under the one-time scheme till December 31, with a 60 per cent outgo in one category and a ₹1 lakh fee in another
The government has opened a one-time window for eligible taxpayers to disclose specified foreign income and assets. This window is available from August 16 till December 31.
Under this scheme, taxpayers have two categories to choose from. In one category, a 60 per cent outgo is required, while in the other, a fee of ₹1 lakh is applicable, according to Business Standard IN.
The government also approved a Technical Supplementary Grant of Rs4.327 billion to cover legal and arbitration expenses in disputes with international investors, including K-Electric shareholders, as reported by Business Recorder.
Brief written by urgent.news from Business Standard IN, Business Recorder — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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