Indian taxpayers must disclose foreign income and assets in their income tax return each year to avoid penalties up to ₹10 lakhs. Deadline to report foreign assets, importance of such a disclosure among other details explained here.
ITR filing 2026: Have foreign assets or income? Not reporting them may cost you ₹10 lakh
livemint.com - 23 Jun 2026 22:51
Indian taxpayers must disclose foreign income and assets in their income tax return each year to avoid penalties up to ₹10 lakhs. Deadline to report foreign assets, importance of such a disclosure among other details explained here.
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