India’s I-T Crackdown Yields 45% Jump in Foreign Asset Declarations
India’s Finance Ministry announced a significant 45% increase in foreign asset declarations, a clear sign that the Income Tax (I-T) Department’s crackdown on unreported income is working. This surge highlights growing taxpayer compliance and the effectiveness of the government’s data-driven approach. Key Highlights of the Crackdown Swiss Bank Deposits Clarified Recent reports noted a sharp … Read more