26-July-2026
Taxation
 
Income tax dept rolls out foreign assets report on e-filing portal
25-Jul-2026

The income tax department has rolled out a new feature on the e-filing portal to help taxpayers access their foreign asset information. As an Indian taxpayer, you can now easily check if any foreign nation has reported assets and sources of income abroad under your name, including custodial accounts, investments, interest, dividends, and other specified financial income. International students and non-resident Indians with foreign assets, including bank accounts abroad, must follow Indian income tax laws by accurately reporting the existence and locations of these foreign assets or income sources.

News Source:- https://www.financialexpress.com/money/income-tax-alert-new-e-filing-feature-helps-taxpayers-view-foreign-assets-report-4301417/?ref=personalfinance_hp