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foreign asset

Understanding CRS & FATCA: Enhancing Tax Transparency on Foreign Assets & Income

4 January 2025 by Aditya Narayan Parida
crs

Understanding CRS & FATCA for Reporting Foreign Assets and Income in ITR: CRS & FATCA: In today’s interconnected global economy, tax transparency has become increasingly important to ensure that taxpayers accurately disclose their worldwide income and assets. To combat tax …

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CBDT Launches Awareness Campaign for Accurate Reporting of Foreign Assets and Income in ITR for AY 2024-25

17 November 2024 by Adv Aditya Narayan
campaign

This Awareness Campaign primarily focuses on resident taxpayers who have already filed their ITR for AY 2024-25 but may have missed or incorrectly completed Schedule FA (Foreign Assets) or FSI (Foreign Source Income). Taxpayers are encouraged to take advantage of …

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Recent Posts

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  • Significant Tax Decisions and Legal Precedents – November 2025
  • Disallowance of director’s remuneration based on retracted uncorroborated statement and revenue neutrality was unsustainable: ITAT Delhi
  • Reassessment Quashed for Borrowed Satisfaction in Absence of Live Link with Assessee’s Transactions
  • Addition on Purchaser Under Section 50C Held Invalid; Provision Applicable Only to Seller: ITAT Delhi
  • Negative Blocking of Electronic Credit Ledger Beyond Available ITC Held Impermissible Under Rule 86A: Punjab & Haryana High Court
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