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Hoots : Undeclared income - more than 2 years I have undeclared income that is more than 2 years (Exactly 2 years and 2 months), in a US bank account. I would like to bring that money to India. Can I bring that money back to India, - freshhoot.com

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Undeclared income - more than 2 years
I have undeclared income that is more than 2 years (Exactly 2 years and 2 months), in a US bank account.

I would like to bring that money to India. Can I bring that money back to India, declare it now and pay tax on the same ?. Kindly advise.

Thanks


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This depends on the nature of the income. Please consult a professional CPA for specific advise.


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