https://www.taxtmi.com/article/detailed?id=15600 Residents must disclose foreign assets and foreign-source income in their ITRs by 10 December 2025 or revise by 31 December 2025. Non residents and not-ordinarily-resident persons need not complete the foreign-asset schedules for assets and income earned abroad. Schedule FA requires reporting of foreign accounts, equity and debt interests, immovable property, trusts, and other capital assets, while Schedule FSI and Form 67 record foreign-source income and foreign tax credit details. Disclosure is required where a third party provided consideration or any benefit in respect of the asset. en-us Sat, 13 Dec 2025 08:30:42 +0530 Sat, 13 Dec 2025 08:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15600 Residents must disclose foreign assets and foreign-source income in their ITRs by 10 December 2025 or revise by 31 December 2025. Non residents and not-ordinarily-resident persons need not complete the foreign-asset schedules for assets and income earned abroad. Schedule FA requires reporting of foreign accounts, equity and debt interests, immovable property, trusts, and other capital assets, while Schedule FSI and Form 67 record foreign-source income and foreign tax credit details. Disclosure is required where a third party provided consideration or any benefit in respect of the asset. Articles Income Tax Sat, 13 Dec 2025 08:30:42 +0530 https://www.taxtmi.com/article/detailed?id=15600