Schedule FA: Foreign Asset Disclosure in ITR: What Taxpayers Must Know Now

Shruti Singhania , Last updated: 24 December 2025  
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The Income Tax Department has recently issued thousands of notices to taxpayers who may have failed to disclose foreign assets or foreign income in their Income Tax Returns (ITRs). These notices ask taxpayers to review their filings and revise their ITRs, if required, by 31st December 2025. This de

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