Overseas holdings under scrutiny: IT dept flags non-disclosure; taxpayers get last chance to revise ITRs- get details
The Income Tax department is alerting taxpayers with undisclosed foreign assets about potential penal action. Individuals identified with unreported overseas assets for AY 2025-26 will receive SMS and email advisories. They are urged to file revised returns by December 31, 2025, to ensure timely and accurate compliance with tax laws.
The Income Tax department is alerting taxpayers with undisclosed foreign assets about potential penal action. Individuals identified with unreported overseas assets for AY 2025-26 will receive SMS and email advisories. They are urged to file revised returns by December 31, 2025, to ensure timely and accurate compliance with tax laws.
