Sent above a certain amount in outward foreign remittances? Here’s why you may be under I-T department scanner – Times of India
The Central Board of Direct Taxes (CBDT) has initiated a thorough examination and verification process for outward foreign remittances exceeding Rs 6 lakh to identify any discrepancies in the data and potential tax evasion. This action was taken after the discovery of cases where foreign remittances and expenditures were inconsistent with the income declared by…
