🚨 The Income Tax Department has issued a strict warning to taxpayers: failing to disclose foreign assets or foreign source income can result in a hefty penalty of ₹10 lakhs! In this video, we break down:

🔹 What counts as foreign assets and income
🔹 The legal requirements for disclosure
🔹 Consequences of non-compliance
🔹 Tips to ensure you're on the right side of the law

Stay informed to avoid hefty fines and legal troubles. Watch now for crucial insights! 💡

👉 Don’t forget to like, share, and subscribe for more updates on tax laws and financial tips.

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