https://www.taxtmi.com/news?id=70037 The income-tax administration's NUDGE programme sent non-intrusive communications prompting 1.11 crore revised returns, generating about Rs 8,800 crore and leading to retraction of Rs 1,750 crore in refund claims; deployed in November 2024 and November 2025 to flag undisclosed foreign assets, the programme's post-notification analysis has affected refund timings. Separately, a Budget-introduced one-time declaration window allows small-category taxpayers to disclose overseas income/assets with prescribed payments-30% tax plus 30% additional tax for undisclosed amounts up to Rs 1 crore, and a Rs 1 lakh fee for certain cases up to Rs 5 crore-to secure immunity from penalty and prosecution, with completion targeted in 2026 27. en-us Wed, 04 Feb 2026 18:31:03 +0530 Wed, 04 Feb 2026 18:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70037 The income-tax administration's NUDGE programme sent non-intrusive communications prompting 1.11 crore revised returns, generating about Rs 8,800 crore and leading to retraction of Rs 1,750 crore in refund claims; deployed in November 2024 and November 2025 to flag undisclosed foreign assets, the programme's post-notification analysis has affected refund timings. Separately, a Budget-introduced one-time declaration window allows small-category taxpayers to disclose overseas income/assets with prescribed payments-30% tax plus 30% additional tax for undisclosed amounts up to Rs 1 crore, and a Rs 1 lakh fee for certain cases up to Rs 5 crore-to secure immunity from penalty and prosecution, with completion targeted in 2026 27. News - Wed, 04 Feb 2026 18:31:03 +0530 https://www.taxtmi.com/news?id=70037