Chapter IV — Penalties

Section 42 — Penalty for failure to furnish return in relation to foreign income and asset

Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 · Preview

If a person, being a resident other than not ordinarily resident in India within the meaning of clause (6) of section 6 of the Income-tax Act, who is required to furnish a return of his income for…