Thursday, June 15, 2023

NRIs get income tax department's queries on investments

A significant number of non-resident Indians (NRIs), including those in the UAE, have received notices under sections 148/148A from the income tax (I-T) department for reassessment. Details are being sought of high-value transactions like purchase of immovable property, investment in securities or deposits or even for outward remittances from India.

from Personal Finance News-Wealth-Economic Times https://ift.tt/nEjwRLa

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