Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy || NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required || NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes || Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction || Delhi High Court: Software Receipts Not Taxable on PE Basis Already Rejected by ITAT || Delhi High Court: Statutory Appeals Cannot Be Denied Due to DRAT Vacancies or Administrative Delays || J&K&L HC: Failure to Frame Limitation Issue Not Fatal; Courts May Examine Limitation Suo Motu || Bombay HC: Preventing Feeding Stray Dogs at Society or Bus Stop is Not 'Wrongful Restraint' || Gujarat HC: Not All Injuries Reduce Earning Capacity; Functional Disability Must Be Assessed || Delhi HC: Framing of Charges is Interlocutory and Not Appealable under Section 21 of NIA Act

Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets- (Ministry of Finance ) (03 Sep 2015)

MANU/DTCR/0027/2015

Direct Taxation

The Central Board of Direct Taxes released clarifications on various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The clarifications address a plethora of issues, including residency, employment in a foreign country and holding a foreign bank account.

Relevant : Clarifications on Tax Compliance MANU/DTCR/0022/2015 Explanatory Notes Compliance for Undisclosed Foreign Income MANU/DTCR/0021/2015

Tags : BLACK MONEY CLARIFICATIONS RESIDENCY FOREIGN EMPLOYMENT

Share :