Last to last year, HMRC came up with a Voluntary disclosure scheme, known as Digital Disclosure Service (DDS). Accordingly, HMRC asked UK tax residents including overseas expats (for ex., India expats) who are residents in UK to voluntarily disclose their income & assets including their Offshore income & assets, if the same is not declared or inadequately declared in the previous income tax returns filed. HMRC made it clear that it doesn’t bother whether the undisclosed income & assets including Assessee’s Offshore income & Assets were not declared knowingly or un-knowingly all these days. But, UK authorities termed this voluntary disclosure scheme as a last chance for the tax assessee’s to disclose all their hidden & missed assets , pay the pending taxes to settle the transactions clear. As per the Digital Disclosure Service (DDS) scheme, the disclosure should be made within 90 days from the date of notification acknowledgement i.e. Before the deadline of 30th...

  On Wednesday dated 10th of April 2019, High court of Karnataka brings smiles on the face of hundreds of India based foreign students who hold OCI cards. HC orders that even students who hold OCI cards can apply for the courses in Educational Institutions under Govt reserved Quota. The petition was filed with petition no-W.P No 7724/2018 challenging the rule 5 of Karnataka Selection of Candidates for Admission to Government Seats in Professional Educational Institutions Rules 2006. The rule 5 of Karnataka Selection of Candidates for Admission to Government Seats in Professional Educational Institutions Rules 2006 clearly states that, "No candidate shall be eligible for Government Seats unless he is a citizen of India”. The petitioners contended that above said rule 5 is in contrary with the spirit of Article 14 & Article 15 of the Indian Constitution & also contrary to the provisions of Indian Citizenship Act 1955. The petitioners argued that though they are born...