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UNREPORTED FOREIGN ASSETS
CBDT receives around 1,100 applications under foreign assets disclosure schemeSince the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The...- I-T likely to send notices over undisclosed foreign propertyThe Income-Tax Department will send notices to resident Indians regarding undisclosed foreign properties. Information was obtained through ...
- FAST-DS 2026: Have undisclosed overseas crypto assets? Know the ₹1 crore and ₹5 crore threshold rules before you discloseIf you're managing cryptocurrency on international exchanges without disclosing them in India, the Foreign Assets of Small Taxpayers – Disc...
- Land(ing) in trouble: ₹8,500 cr property deals under taxman's scannerTransactions were either not reported, were undervalued or had suspected benami ownership; deals span bulk land purchases, agri land & othe...
- Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
- Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31Taxpayers are receiving alerts about undeclared foreign assets before the July 31 deadline. The tax department has uploaded foreign asset d...
- Overseas crypto earnings of moonlighters under I-T lensIn several cases, individuals working in technology and consulting sectors allegedly received part of their compensation in Stablecoins or ...
- Tax dept focuses on undisclosed foreign assets in NUDGE 2.0The CBDT has launched the second phase of its NUDGE initiative, targeting taxpayers with unreported foreign assets. The campaign aims to en...
- India, France step up maritime security cooperation in Indian Ocean RegionIndia and France are enhancing maritime cooperation in the Indian Ocean Region, tackling security threats including piracy, terrorism, and ...
- Have undisclosed foreign income or assets? Act before December 31 as govt gets more data from these new countriesIncome tax: The Income Tax Department has data from Germany and other countries about its residents having foreign properties and assets an...
- Who are the mystery buyers responsible for central bank gold boom?Spot gold was steady at $1,635.04 an ounce as of 9:08 a.m. in Singapore, after finishing 0.7% down on Monday. The Bloomberg Dollar Spot Ind...
- Rs 14,820 cr tax demand raised under black money law on foreign income: GovernmentFinance Minister Nirmala Sitharaman further informed the House that 648 disclosures involving undisclosed foreign assets worth Rs 4,164 cro...
- IT department unearthed huge no of black assets, overseas accounts after recent raids: CBDTSeveral incriminating documents, loose sheets, diaries, emails and other digital evidence have been unearthed which indicates ownership of ...
- Income Tax dept issues notices in 422 cases for undisclosed foreign assetsUndisclosed income of more than Rs 8,460 crore has been brought to tax and penalty of more than Rs 1,290 crore has been levied, on deposits...
- HSBC, ICIJ list: I-T dept detects Rs 16,200 crore black money"About Rs 8,000 cr of credits in undisclosed foreign accounts of Indians, whose names were disclosed by ICIJ, have been detected," Jaitley ...
- Budget 2015: Black money abroad? Be ready for 10 years of rigorous imprisonment, huge fines"We will curb benami transactions in property deals. The FEMA Act will be amended to incorporate black money provisions," Jaitley announced.
- Taxes of Rs 181 crore realised in HSBC bank Geneva casesTaxes of about Rs 181 crore with respect to the cash deposits of Indians who had unreported accounts in HSBC bank Geneva.
- Black money: Income Tax dept may get to re-open returns beyond 6 yearsGovt may grant the Income Tax department powers to re-open tax returns of beyond six years in specific cases of black money where "foreign ...
- Government may make declaring of overseas assets details mandatory by taxpayersThe proposed Direct Tax Code, or DTC, has a provision that seeks to cast an obligation on taxpayers to furnish full details of foreign asse...
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