Fresh I-T push: 25k flagged for foreign assets, income; advised to review returns by Dec 31

28 November 2025 Vanshika

N Shorts

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.

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