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Foreign Assets, RSUs and Foreign Bank Accounts in ITR: Schedule FA Reporting, Notices and Penalty Explained

CA Varun Gupta | Last updated: 03 June 2026

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1. Introduction In recent years, many taxpayers have received notices and communications from the Income Tax Department for not reporting foreign assets, foreign bank accounts, RSUs, ESOPs, foreign brokerage accounts or foreign income in their Income Tax Returns. In many cases, the assets were acqu

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About the Author

CA Varun Gupta

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For any query, or if you face any issue in Income Tax or GST-especially in cases involving legal proceedings, notices, litigation, or demand matters-please feel free to contact us at the details mentioned below: Mobile: +91-9818640458 Email: varunmukeshgupta96 @ gmail.com

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