Jan 24 · 3 min read · Non-Resident Indians (NRIs) have specific Income Tax Return (ITR) requirements to declare Indian income, foreign assets, and capital gains. Proper reporting ensures compliance, avoids penalties, and optimizes tax planning. This guide covers: Key ITR...
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Jan 24 · 4 min read · Reporting foreign assets in ITR-2 using Schedule FA is crucial for resident Indians and NRIs. The FY 2025–26 update emphasizes correct disclosure of all foreign assets, including: Bank accounts Financial instruments Immovable property Other forei...
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Jan 24 · 4 min read · For taxpayers who hold foreign assets or bank accounts, reporting in the Income Tax Return (ITR-2) is mandatory under Schedule FA. The FY 2025–26 update retains the reporting requirement, emphasizing full disclosure of: Bank accounts abroad Financi...
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Dec 24, 2025 · 4 min read · In 2025, the Income Tax Department of India has intensified its focus on foreign asset and foreign income disclosures, especially for employees of multinational companies (MNCs). Thousands of salaried individuals are receiving emails, SMS alerts, and...
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