A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,446/gm Silver ₹ 2,50,100/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 98.29 USD ₹ 94.20
Sensex 75,273.45 +1.63% ↑ Nifty 23,305.10 +1.71% ↑ 22k Gold ₹ 13,446/gm Silver ₹ 2,50,100/kg Petrol ₹ 103.54 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 98.29 USD ₹ 94.20
Home News Business
Declare Foreign Undisclosed Assets By Sept 30: IT Department
By
Add as a preferred source on Google

The Income Tax Department has said that those who have undisclosed assets abroad to declare the same by Sept 30 and not to wait.

incometax-department
This declaration would be in compliance with the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The Act which became a Law in May was largely to curb black money in assets abroad.

The declaration can be made by a person who is a resident (other than not ordinarily resident in India) in respect of undisclosed foreign assets located outside India and acquired from income chargeable to tax under the Income-tax Act, 1961 (the Act) for any Assessment Year (AY) prior to AY 2016-17.

GoodReturns.in

Share This Article
Story first published: Thursday, August 6, 2015, 12:12 [IST]
See More On: income tax department, black money
Other articles published on Aug 6, 2015

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out