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From The Economic Times

Center-Right Owned by Bennett, Coleman & Co.

Income Tax Department nudges taxpayers holding undisclosed foreign properties

Income Tax Department nudges taxpayers holding undisclosed foreign properties

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The Income Tax Department is encouraging taxpayers to declare undisclosed foreign assets through the FAST-DS initiative. A new e-filing portal feature allows taxpayers to view reported asset information from foreign jurisdictions. The Department plans outreach programs to assist corporate employers…

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