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ORIENTAL VENEER PRODUCTS LIMITED Index Sr. No 1 2 3 4 5 6-Page No. 02 03 05 16 66 71 7 8 9 Particulars Corporate information Letter from the Chairman Notice of AGM Directors Report Management Discussion
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Step 1: Obtain an OVPL form either from the designated website or a physical copy from the concerned authority.
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OVPL stands for Offshore Voluntary Disclosure Program Lite. It is a simplified version of the Offshore Voluntary Disclosure Program (OVDP) which allows taxpayers with undisclosed foreign assets to come into compliance with their tax obligations.
Taxpayers who have undisclosed foreign assets and income are required to file OVPL if they want to avoid potential penalties for non-compliance with tax laws.
Taxpayers can fill out OVPL by submitting a statement disclosing all foreign assets and income, along with any necessary forms and supporting documentation to the IRS.
The purpose of OVPL is to allow taxpayers with undisclosed foreign assets to voluntarily come forward and disclose their assets to avoid potential penalties and criminal prosecution.
Taxpayers must report all foreign assets and income, including bank accounts, investments, and real estate holdings, on OVPL.
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