Foreign assets are coming soon in AIS: Compliance is about to become harder to ignore

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Foreign assets are coming soon in AIS: Compliance is about to become harder to ignore

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Consider someone who worked abroad for a few years, opened a bank account, returned to India and forgot about it. Or an employee who received foreign employee stocks options plan (ESOPs) years ago, has not sold them, earned no dividend and paid no tax. Or someone with a dormant overseas brokerage account that saw no transactions during the year.

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