https://www.taxtmi.com/article/detailed?id=13202 Residents must disclose foreign assets and foreign-source income in Schedule FA and Schedule FSI; those who filed ITR-1 or ITR-4 but hold such assets should file revised or belated returns using ITR-2 or ITR-3 by the stated deadline when contacted, to comply with the Black Money (Undisclosed Foreign Income and Assets) Act and avoid statutory penalties and prosecution. Information received under CRS and FATCA informs the tax authority's outreach. en-us Thu, 12 Dec 2024 10:18:05 +0530 Thu, 12 Dec 2024 10:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13202 Residents must disclose foreign assets and foreign-source income in Schedule FA and Schedule FSI; those who filed ITR-1 or ITR-4 but hold such assets should file revised or belated returns using ITR-2 or ITR-3 by the stated deadline when contacted, to comply with the Black Money (Undisclosed Foreign Income and Assets) Act and avoid statutory penalties and prosecution. Information received under CRS and FATCA informs the tax authority's outreach. Articles Income Tax Thu, 12 Dec 2024 10:18:05 +0530 https://www.taxtmi.com/article/detailed?id=13202