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New Delhi: The income-tax department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR (income tax return) can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their income tax return for assessment year (AY) 2024-25. The advisory ...Read More >
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