SENSEX
NIFTY
GOLD
USD/INR

Weather

image 25    C

Business News

News

Business / The Times of India

details

Income Tax nudge for 25k cases of unreported foreign assets, income

The Income Tax Department has launched a fresh campaign targeting individuals with undeclared overseas assets and income. Around 25,000 high-risk cases will be initially contacted via SMS and email. This initiative aims to encourage taxpayers to review and revise their returns by December 31 to avoid significant penalties under the Black Money Act.

28 Nov 2025 5:59 am