Government rolls out foreign asset disclosure scheme for small taxpayers
India Latest News: Top National Headlines Today & Breaking News | The HinduAug 15, 2026 · 5:10 PM👁 0 views❤ 0 likes
Taxpayers will pay a 30% tax on the value of the declared undisclosed foreign asset or income, plus an additional amount equal to the tax, effectively taking the levy to 60%