Times of India

Taxpayers alert! Weak rupee may push foreign assets above Rs 1cr, raising tax bill

Taxpayers alert! Weak rupee may push foreign assets above Rs 1cr, raising tax billWorldPing

In fact, the rupee’s decline over the years, strict valuation requirements and the fact that many amounts exceed the prescribed lower limits are discouraging several taxpayers from disclosing previously unreported foreign income and assets.

This is a short WorldPing brief. The full report was published by Times of India.

Read the full report at Times of India

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Brief by WorldPing · Original reporting by The Hindu