21-July-2025
Taxation
 
ITR Filing: Non-disclosure of foreign income, US stocks can lead to tax trouble
19-Jul-2025

The due date for filing of income tax return, originally due on July 31, 2025, has been extended to September 15, 2025. If you have investments in US stocks and have not filed the ITR yet, you need to hurry up. Taxpayers with overseas assets and foreign income have to be extra cautious while filing their ITRs. From choosing the right ITR form for filing foreign income to filing the Schedule FA and Schedule CG, to filing Form 67, taxpayers cannot afford to miss out on any disclosures while reporting foreign assets and income to the tax authorities.

News Source:- https://www.financialexpress.com/money/income-tax-itr-filing-non-disclosure-of-foreign-income-us-stocks-can-lead-to-tax-trouble-3919066/?ref=hometop_hp
 
 
 

Notes:
1. Copyright and ownership of all content from IMC and other IMC sites belongs to IMC except third-party resources
2. Copyright, intellectual property right, ownership or responsibility of error of other content belong to respective sources
3. Please do not reply to this mail

For suggestions and feedback click here.

Disclaimer:
IMC is not responsible for any kind of loss arising due to the information. You are receiving this newsletter because you have subscribed to this service. To unsubscribe click here.
Head Office : IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India  |   Tel : 91-22-22046633  |   Fax : 91-22-22048508 / 22838281
E-Mail : imc@imcnet.org  |   Website : www.imcnet.org