How is the income from foreign equity shares taxed and disclosed in the ITR form?
Income-tax Return (ITR) Forms 2 and 3 include a Schedule FA for reporting foreign assets, income, beneficial interest and signing authority. This schedule is widely regarded as one of the most complex sections to fill in the ITR form. Introduced to combat tax evasion and money laundering, Schedule FA has been a mandatory component of […]
CA Naveen Wadhwa
Vice President, Taxmann
1
24 Jul 2024