Aanchal Magazine; Ariba · Economy&Governance · 2026-08-15
Government opens one-time disclosure window till Dec 31 for undisclosed foreign assets up to Rs 5 crore
For the scheme, the valuation date is March 31, 2026 and the fair market value of assets proposed to be declared must be computed as on this date. Government opens one-time disclosure window till Dec 31 for undisclosed foreign assets up to Rs 5 crore
Why it matters. The disclosure window offers taxpayers a limited opportunity to formalize previously undeclared foreign holdings and avoid harsher regulatory penalties.
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