Income Tax ‘nudge’ for 25k cases of unreported foreign assets, income
The Income Tax Department has launched a fresh campaign targeting individuals with undeclared overseas assets and income. Around 25,000 high-risk cases will be initially contacted ...
Reporting of foreign assets, income up in FY24: Finance minister
The finance ministry reported a significant 45% increase in foreign asset and income disclosures, with 2.3 lakh taxpayers reporting in 2023-24. Amidst reports of increased ...
