Many taxpayers who have already filed their Income Tax Return (ITR) are now running into an unexpected hurdle: when attempting to file a revised return, details related to Schedule Foreign Assets (FA), Foreign Source Income (FSI) or Tax Relief (TR) are not visible in the form. The Income Tax Department has addressed this issue through a recent post on social media platform X, guiding affected taxpayers on the corrective steps. Advertisement

Anyone who owns assets outside India, such as foreign bank accounts, immovable property, shares or other investments, or earns income from foreign sources must be especially careful while filing or revising their return. Such taxpayers are required to report these details in the appropriate schedules of their ITR.

To correctly disclose foreign assets

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