What Are Report of Foreign Financial Assets (Form 8938)? Form 8938, also known as the "Statement of Specified Foreign Financial Assets," is a mandatory disclosure form required by the Internal Revenue ...
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Got foreign asset or income related intimation from Income Tax Dept? Here's what CAs tell what you should do now
The Income Tax Department is reaching out to taxpayers with bulk emails about disclosing foreign assets/income information for the Calendar Year 2024. The intimations are based on data received from ...
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