Declaration of foreign investment

This discussion addresses whether a rectification under Section 154 of the Income Tax Act can be used to add missed foreign asset details to an ITR for FY 2023-24. The consensus is that Section 154 is not applicable for adding previously omitted foreign asset information. The deadline for filing a revised return under Section 139(5) has passed, and an updated return cannot be filed without additional income. The thread suggests seeking expert advice for alternative solutions.