Those who hold undeclared assets or bank accounts in Singapore, or even did so in the past few years, could be headed for trouble with the two countries exchanging financial data under the revised double taxation avoidance agreement (DTAA) that came into force last year.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for Economic Times- Front page story.
Indians holding undeclared assets in Singapore during 2008-2017 may face penalty, prosecution- Rakesh Nangia
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