Try GOLD - Free
'Disclose foreign assets or pay fine'
Mint Mumbai
|November 18, 2024
The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the income tax return (ITR) can attract a penalty of ₹10 lakh under the anti-black money law.
-
The department issued a public advisory as part of a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their I
This story is from the November 18, 2024 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
BTS comeback tour hijacked by dating rumours
Homegrown K-pop fans expect their idols to stay single—at least publicly
2 mins
January 15, 2026
Mint Mumbai
Small regional films face streaming challenge despite rising demand
The surge in regional language content on streaming platforms hasn't really benefited small-budget films in languages other than Hindi, such as Kannada, Malayalam, Marathi, Punjabi and others.
2 mins
January 15, 2026
Mint Mumbai
IPO-bound KreditBee eyes $100-120 mn
Investment firms including Hornbill Capital and Japan's MUFG-backed Dragon Funds are evaluating a stake in lending startup KreditBee as part of a proposed $100-120 million fundraise ahead of the company's planned initial public offering, three people familiar with the matter said.
1 mins
January 15, 2026
Mint Mumbai
PAN-INDIA FILMS: FEW HITS, MANY DUDS
Some southern films may be runaway hits in their home market but their Hindi dubs bomb at the box office
8 mins
January 15, 2026
Mint Mumbai
Why India’s InvITs prefer to stay private
Valuation and liquidity concerns have been keeping InviTs overwhelmingly private
3 mins
January 15, 2026
Mint Mumbai
State Street to buy 23% in Groww MF for ₹580 cr
State Street, the world's fourth largest asset manager, has agreed to invest ₹580 crore for a 23% stake in the mutual fund unit of Billionbrains Garage Ventures Ltd, the parent of broker Groww.
1 min
January 15, 2026
Mint Mumbai
Centre to enforce strict hair transplant safety standards
Only qualified medical professionals will be permitted to perform these procedures
2 mins
January 15, 2026
Mint Mumbai
GHOST MANSION FALLACY: BUILDING PALACES WE NEVER LIVE IN
It's a familiar sight across India's hinterland-from the green pockets of Kerala and the Konkan coast to the plains of Bihar and Punjab.
3 mins
January 15, 2026
Mint Mumbai
How carpets became free from child labour
The campaign to certify ethically produced carpets in south Asia resulted in a drop in child labour and several benefits for the industry
4 mins
January 15, 2026
Mint Mumbai
Lego's Smart Bricks feel a little dumb: Why not try robotics?
The toy-maker has missed a hot new tech educational opportunity
3 mins
January 15, 2026
Listen
Translate
Change font size