Declaration of foreign investment

Tax queries 252 views 3 replies

Can we File Rectification ITR u/s154 for non reporting of Foreign Assets in ITR for FY 2023-24. There is no change in Income just by mistake forgot to submit details of foreign shares held by us  In ITR   or there is any other solution regarding this.please guide us 

Thank you

Replies (3)
  • Rectification under section 154 cannot be used to add details about foreign assets that were missed earlier.

  • You missed the chance to revised the return u/s. 139(5) till 31st Dec. 2024,
  • Unless you have any additional income declaration, you cannot file updated return also !!!

So please guide what to do now regarding this

I have already suggested an option if you can...  Nothing more can be said on open platform.


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