Quick Summary
Under the 2nd NUDGE initiative, CBDT will send SMSs and emails from 28th November 2025 to identified taxpayers with advice to voluntarily review and revise their returns on or before 31st December 2025 to avoid penal consequences Analysis of the Automatic Exchange of Information (AEOI) for FY 2024-25 (CY 2024) by the Central Board of Direct Taxes (CBDT) has identified high-risk cases where foreign assets appear to exist but have not been reported in the ITRs filed for AY 2025-26. Accordingly, t
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FAQ :
The 2nd NUDGE initiative is a campaign by the CBDT to encourage taxpayers to voluntarily review and revise their tax returns concerning foreign assets, aiming to strengthen voluntary compliance.
Taxpayers identified for the 2nd NUDGE initiative will receive SMSs and emails from 28th November 2025.
Taxpayers are advised to voluntarily review and revise their Income Tax Returns (ITRs) regarding foreign assets on or before 31st December 2025.
The initiative is launched because analysis of Automatic Exchange of Information (AEOI) data has identified high-risk cases where foreign assets appear to exist but haven't been reported in ITRs.
Taxpayers are advised to review and revise their returns to avoid penal consequences.
The CBDT receives information on foreign financial assets of Indian residents from partner jurisdictions under Common Reporting Standards (CRS) and from the United States under FATCA.
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