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Feb 07, 2025
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UK asks govt to recover tax from Indian bizman
In a seldom-used provision of the law, the British tax office has asked the Indian government and the Income tax (I-T) department to recover tax of an Indian who had left the UK years ago and is now settled in India.
he treaty between the two countries allows revenue authorities in the UK to approach the taxman here to claim unpaid tax. Typically, this is done once the dispute has reached a closure and the taxpayer in question is left with no legal option.
While other central agencies enforcing anti money-laundering regulations and criminal code often reach out to their foreign peers in locating and even attaching overseas assets of fugitives, employing treaty convention in seeking assistance for tax collection is uncommon.
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