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    HomeNewsBusinessPersonal FinanceNot disclosing foreign assets to taxman can cost you dearly

    Not disclosing foreign assets to taxman can cost you dearly

    Income-tax rules mandate that you disclose all your assets and income, especially if they are held outside India. Employees of multinational companies such as Amazon, Google, Microsoft etc. must be diligent in filing their tax returns

    Maulik M
    November 01, 2023 / 14:54 IST
    With innumerable complexities surrounding the reporting of FAs and foreign income, the chances of an individual taxpayer going wrong are high.
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