Are you aware of the importance of disclosing your foreign income and assets in your tax returns? In this comprehensive guide, I break down everything you need to know about this critical compliance requirement. From understanding the what and why to learning about forms, schedules, and global reporting standards like CRS and FATCA – this video has you covered!


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🔍 What You’ll Learn:
1️⃣ What constitutes foreign assets and income.
2️⃣ How global frameworks like CRS & FATCA affect Indian taxpayers.
3️⃣ Step-by-step process to disclose foreign assets and income in your ITR.
4️⃣ How to avoid double taxation using DTAA and Form 67.
5️⃣ Penalties for non-compliance and benefits of being transparent.

💡 Key Takeaways:

Disclose foreign income and assets annually using Schedules FA & FSI.
File a revised return by December 31, 2024, if you missed any disclosures.
Avoid legal trouble, claim eligible tax reliefs, and contribute to national development.
🌟 Why Watch This Video?
Whether you’re an Indian resident with foreign income or assets, an employee with ESOPs abroad, or someone looking to stay compliant with global and Indian tax laws – this video simplifies everything you need to know.

📢 Resources Mentioned in the Video:

Form 67 (for claiming tax relief on foreign income).
Schedule FA & Schedule FSI (in your ITR).
Official websites: Income Tax Department | CBDT
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💬 Have Questions?
Drop them in the comments below, and I’ll be happy to help!

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#ForeignAssets #IncomeDisclosure #CRS #FATCA #DoubleTaxation #TaxCompliance #IndiaTaxation #IncomeTax #WealthManagement #TaxTips


Disclaimer: This video is intended for education purpose only and not for the purpose of soliciting business. The viewers shall take professional advice before taking any decisions on the matters specified in the video. The matters discussed in the video may subject to change due to amendments in various Acts/Rules etc. This channel will not responsible for any damages caused to the viewers.

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