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Declarants of overseas assets not to face action under FEMA

The Reserve Bank of India (RBI) said that there will be no penal action against those declaring their undisclosed assets abroad by September 30

By Sai Nikesh D… 515 more words

News Articles

Taxpayers with Foreign Assets May Have FBAR and FATCA Filing Requirements in June

The Internal Revenue Service today reminded all taxpayers with an FBAR filing requirement to report their foreign assets by the June 30 deadline. FBAR filings have risen dramatically in recent years as FATCA phases in and other international compliance efforts have raised awareness among taxpayers with offshore assets. 883 more words

Personal Taxes