In a bid to resolve long-pending cases of inadvertent overseas asset non-disclosures and to encourage voluntary compliance, the Budget has proposed a fresh amnesty window for small taxpayers, ...
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India tightens foreign asset reporting: Overseas pension accounts trigger major change in ITR filing system
Indian taxpayers who hold retirement accounts overseas—such as the popular 401(k) in the United States — will no longer be able to use the simplified ITR-1 or ITR-4 forms when filing their income tax ...
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