Tuesday, November 9, 2021

Taxman may use black money act to trace closed foreign accounts

The holder of an old, undisclosed offshore bank account that continues to exist after 2015 would understandably find himself on the wrong side of law for having failed to report it and come clean by paying tax.

source https://economictimes.indiatimes.com/industry/banking/finance/taxman-may-use-black-money-act-to-trace-closed-foreign-accounts/articleshow/87616957.cms

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