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News INCOME TAX

  • Jan 11, 2021
  • Govt creates special unit in Income Tax dept for probe into undisclosed foreign assets

    A special unit has been created by the government in the countrywide investigation wings of the Income Tax department for focussed probe in cases of undisclosed assets held by Indians abroad and possession of black money in foreign shores, officials said. The Foreign Asset Investigation Units (FAIUs) have been recently created in all the 14 investigation directorates of the tax department located in various parts of the country that are primarily tasked to undertake raids and seizures, and devel ...