foreign assets

Increase in Foreign Assets Reporting by Indian Taxpayers

Official Press

Official Press

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The Ministry of Finance reports a significant rise in the declaration of foreign assets and income by Indian taxpayers for the assessment year 2024-25, attributed to enhanced cooperation and information exchange with Switzerland and other jurisdictions. The Central Board of Direct Taxes (CBDT) has identified and verified numerous cases of non-compliance, leading to increased voluntary disclosures and enforcement actions against non-responsive taxpayers.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link