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siddharth chowdhry
Siddharth Chowdhry

Siddharth Chowdhry

Siddharth Chowdhry is a Chartered Accountant working as an Associate in the White Collar Crime and Direct Taxes arm of Lakshmikumaran and Sridharan.

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Upon its enactment, the BMA opened a compliance window of three months from July 2015 to September 2015 for disclosure of assets located outside India and payment of tax of 30% and 100% of the tax as penalty.

Relief from Penalty for Small-Value Assets Under the Black Money Law: Is It Adequate?

by S Vasudevan |Sep 3, 2024

The provisions of BMA were made applicable to persons who were tax residents of India when undisclosed foreign income was earned or an undisclosed asset outside India was acquired. In essence, if an I...