Compliance Window: Declaration of Overseas Black Money Can Be Done Online.
NEW DELHI: Those wanting to utilise the recently notified one-time black money compliance window can also use the efiling facility of the tax department to declare their foreign-based untaxed assets apart from the manual filing and committing of these stash properties.
According to the scheme under the window, such a declaration can be filed online by an individual or entity and mandatorily will have to carry a "digital signature" to validate it.
A digital signature authenticates electronic documents in a similar manner as a handwritten signature validates printed or hand-written documents.
This signature cannot be forged and it asserts that a named person wrote or otherwise agreed to the document to which the signature is attached.
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