<h1>CBDT Launches Campaign to Aid Accurate Reporting of Foreign Assets and Income in 2024-25 Tax Returns.</h1> The Central Board of Direct Taxes (CBDT) has initiated a Compliance-Cum-Awareness Campaign for Assessment Year 2024-25 to help taxpayers accurately complete Schedule Foreign Assets (FA) and report foreign income (FSI) in their Income Tax Returns (ITR). This campaign targets resident taxpayers who have filed their ITRs, reminding them of their obligations under the Black Money Act, 2015. Informational messages will be sent to those identified as having foreign assets or income. The initiative aims to enhance transparency, compliance, and national development by leveraging data from international agreements and encouraging revised returns if necessary.