https://www.taxtmi.com/news?id=36417 The Income-tax department's Trust First campaign used targeted SMS and email outreach to solicit voluntary revision of ITRs from taxpayers with significant foreign accounts or income, resulting in numerous belated returns, revised residential status declarations, reported foreign assets and additional foreign income, and tax payments; the campaign utilised data obtained through the Common Reporting Standard and FATCA exchanges and prioritised voluntary correction over immediate verification. en-us Thu, 06 Mar 2025 19:46:02 +0530 Thu, 06 Mar 2025 19:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=36417 The Income-tax department's Trust First campaign used targeted SMS and email outreach to solicit voluntary revision of ITRs from taxpayers with significant foreign accounts or income, resulting in numerous belated returns, revised residential status declarations, reported foreign assets and additional foreign income, and tax payments; the campaign utilised data obtained through the Common Reporting Standard and FATCA exchanges and prioritised voluntary correction over immediate verification. News - Thu, 06 Mar 2025 19:46:02 +0530 https://www.taxtmi.com/news?id=36417