Foreign income and bank account

This discussion addresses whether an individual needs to declare foreign income earned while working in the US and a US bank account in their Indian Income Tax Return (ITR). The key factor determining disclosure requirements is the individual's residential status in India. If the client is classified as Non-Resident or Resident Not Ordinarily Resident (RNOR), foreign income and assets generally do not need to be declared in the Indian ITR. Disclosure is typically required only if the individual is a Resident and Ordinarily Resident (ROR). It's crucial to verify the residential status recorded in the incometax.gov.in profile, as a system-generated intimation might be based on an outdated or incorrect status.