Missed declaring foreign assets? Here’s your relief window—with a catch.
· livemint.com
The CBDT is giving small taxpayers, NRIs and employee stock option holders until 31 December to avoid severe Black Money Act penalties, but this immunity comes at a steep cost.
Vaswani agreed, saying that the rules define “indexed cost of acquisition” by referencing Section 48 of the Income Tax Act, making the Indian CII the releva...