ITR & Foreign Assets: A Critical Guide for Resident Taxpayers
Navigating income tax can be complex, especially when you have assets outside India. If you are a Resident and Ordinarily Resident (ROR) taxpayer, you are required to disclose your foreign assets and income in your Income Tax Return (ITR) for Assessment Year (AY) 2025-26. This is done through Schedule FA of the ITR. Who Needs … Read more