Indians are consistently purchasing high-value properties abroad, with minors now joining in through the RBI's Liberalised Remittance Scheme using parental gifts. Dubai is a favored destination. Accurate disclosure of these assets is crucial to avoid penalties under the Black Money Act. Guardians managing minors' assets must ensure proper reporting in tax returns.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/21NUQgj
