Declaration of foreign investment

• 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.

Section 154 is generally not the route to add foreign-asset details omitted from an ITR. Rectification is limited to an apparent mistake in the existing record; adding a missing disclosure may require facts or verification beyond that scope. The correct remedy depends on the assessment year and filing status: if a valid revised-return window is still open, consider a revised return; otherwise check whether an updated return under section 139(8A) is available and permitted for the case. An updated return cannot be used to reduce tax or claim/increase a refund.

• Foreign shares are generally reportable in the applicable foreign-asset schedule, even where they produced no income; any dividend or other foreign income must also be reported in the relevant income schedule.
• Confirm the relevant assessment year, the ITR form filed, whether assessment/intimation has been completed, and whether any foreign income was omitted. These details affect the available remedy and any exposure to foreign-asset reporting provisions.
• Do not assume a rectification request will cure the omission; verify the current statutory filing window and eligibility before proceeding.

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Foreign assets not reported in the FY 2023-24 ITR:

• Rectification (154) can't add Schedule FA. File a revised return if still within time (31 December of the AY, i.e. 31 December 2024 for AY 2024-25 — passed). ITR-U requires additional income, so it can't be used merely to add FA.

• Black Money Act: penalty of Rs 10 lakh for non-disclosure, but from 1 October 2024 no penalty applies if the aggregate value of foreign assets (other than immovable property) is up to Rs 20 lakh. Respond to any notice disclosing the assets.