Resident taxpayers must report foreign assets and income under Schedule FA, even if tax isn’t affected. Non-disclosure can attract penalties under the Black Money Act, making accurate reporting ...

Many taxpayers who have already filed their Income Tax Return (ITR) are now facing a serious problem: when attempting to file their revised ITR form, information about their Schedule Foreign Assets ...

The Code of Conduct Bureau, CCB, in Jigawa State has reminded public officers and political office holders who completed their assets declaration forms to personally submit the documents to avoid ...

The Income Tax Department urges taxpayers who omitted foreign assets (FA) or foreign income from their original ITR to file a revised return before December 31. This corrects any omissions or ...

If you have not disclosed foreign assets (FA) or foreign income in your ITR (Income Tax Return), you can still include them by filing a revised return before December 31. The IT Department has asked ...

The income tax (I-T) Department is sending urgent reminders to multinational companies (MNC) and their employees as part of its Non-intrusive Usage of Data to Guide and Enable initiative, NUDGE 2.0.