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UNDISCLOSED FOREIGN INCOME
Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...- Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...
- What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...
- Got ESOPs, a foreign bank account, or savings abroad? Here's what the tax department expects from you
- Mismatch between Rahul Gandhi's income, foreign trips' expenses, says BJPThe BJP has turned the spotlight on Rahul Gandhi's extensive global travels, calling for transparency over the sources of funding for these...
- ED probes alleged ESOP misuse to launder money, bypass LRS rulesThe Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncove...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
- Office assets anchor institutional confidence as PE investments rise in March quarterOffice properties led institutional investment in India's real estate during the first quarter of 2026. Private equity inflows saw a signif...
- Investing in foreign stocks? Missing dividend reporting in your ITR could cost you 200% penalty; here’s how to fix it before it’s too lateIndian investors buying US stocks often overlook reporting dividend income, a common tax oversight. While foreign shares must be declared i...
- ₹60 Lakh vs ₹1.20 crore: How Budget 2026’s foreign asset disclosure scheme cuts black money act risk for NRIs and residents with overseas assetsBudget 2026’s proposed Foreign Income & Assets Disclosure Scheme offers a calibrated settlement window for NRIs and residents with overseas...
- One time undisclosed foreign income disclosure scheme announced in Budget 2026 for these taxpayersA new scheme will allow small taxpayers to declare undeclared foreign assets. This one-time offer covers income or assets up to one crore r...
- Indian residents with undisclosed foreign assets under scanner: Tax Dept launches NUDGE 2.0 campaign
- Data helps Taxman unearth foreign assets worth Rs 22,000 crThe Income Tax Department's drive against undisclosed foreign assets has revealed ₹22,000 crore. Launched last November, it identified tax ...
- Undisclosed assets worth Rs 6,000 cr detected under foreign black money lawUnder the Act, a one-time compliance opportunity for a limited period was provided to those persons who have any foreign assets
- Who has to report foreign assets in Indian income tax return and how to do itThe reporting requirement, introduced from FY 2012-13, is applicable to individuals qualifying as Resident and Ordinary Residents (ROR) in ...
- Black money: Compliance window in the next 2-3 weeksGovt will notify compliance window in the next two-three weeks for those holding undeclared assets abroad to come clean by paying 30% tax.
- Lok Sabha passes bill to deal with black money stashed abroadPiloting Undisclosed Foreign Income Bill, FM said there would be short compliance window for persons having undisclosed income abroad.
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