The move will help the government to identify cases where the remittance was sent but was not reported by the taxpayer in their filling, the official said. “The whole exercise will curb tax evasion and ensure that legitimate remittances are facilitated while preventing abuse of relaxations in foreign remittance reporting,” the official added.
Trump tariffs may lead to slump in global GDP; what happens to Apple exports from India? Swaminathan Aiyar explains
Swaminathan Aiyar warns that the world may be at initial stages of a potential prolonged trade war led by Trump, predicting severe global economic impacts.
April 3, 2025