Deadline to declare foreign assets in ITR ends January 15, 2025: These two sources provide govt your foreign a/c info

Foreign assets in ITR: Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with the Indian Income-tax Act, 1961. The Indian government and its law enforcement agencies get detailed information about financial accounts held by Indian residents in foreign countries through two sources.

from Tax-Wealth-Economic Times https://ift.tt/U7mTayG