Anup Tiwari
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- 10 Aug 2013
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NEW DELHI: When you file your tax
returns in July, you will have to
submit details of any foreign trip
that you have undertaken, including
the expenses borne by you.
The tax authorities have made
several additions to the income tax
return forms for the assessment year
2015-16 seeking details about
foreign assets and income from any
source outside the country, and
details of all bank accounts held in
India at any time during the
previous year. A taxpayer will have
to give details of any bank account
opened or closed during the
previous year, including those where
a taxpayer has a signing authority.
Further, it wants information related
to immovable property, financial
interest in companies and details of
trusts created outside the country.
returns in July, you will have to
submit details of any foreign trip
that you have undertaken, including
the expenses borne by you.
The tax authorities have made
several additions to the income tax
return forms for the assessment year
2015-16 seeking details about
foreign assets and income from any
source outside the country, and
details of all bank accounts held in
India at any time during the
previous year. A taxpayer will have
to give details of any bank account
opened or closed during the
previous year, including those where
a taxpayer has a signing authority.
Further, it wants information related
to immovable property, financial
interest in companies and details of
trusts created outside the country.