Income Tax Dept Uncovers Rs 29,208 Crore in Undisclosed Foreign Assets via Belated Returns

Last updated: 23 June 2025

The Income Tax Department has taken enforcement action against non-compliant individuals holding undisclosed foreign income and assets. The Ministry of Finance revealed on Friday that 5,483 taxpayers have filed belated returns for Assessment Year (AY) 2024-25, disclosing foreign assets worth Rs 29,2

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Category Income Tax   Report

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