Description

Stay fully compliant with Indian tax laws by accurately disclosing your foreign assets and income in your Income Tax Return (ITR). If you’re a resident taxpayer in India holding assets or earning income abroad, you are legally required to report these details under the Schedule FA (Foreign Assets) section of your ITR.

This dedicated service helps you declare foreign assets properly, avoid penalties, and ensure you’re aligned with tax compliance standards under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

What’s Covered:

• Bank accounts held abroad
• Foreign stocks, bonds, mutual funds, and other investments
• Overseas real estate
• Interests in foreign entities (like partnerships or LLCs)
• Beneficial ownership or signing authority over any foreign asset
• Income earned or accrued from foreign sources

Key Benefits:

• Ensure 100% compliance with Indian tax regulations
• Avoid penalties for incorrect or non-disclosure
• Get expert guidance on categorizing and valuing foreign assets
• Assistance in filing Schedule FA correctly as part of ITR-2 or ITR-3

Who Should Use This Service:

• NRIs who have returned to India but still hold foreign accounts
• Resident individuals with foreign investments or bank accounts
• Indian citizens with signing authority over overseas assets (e.g., joint accounts)
• Expats or global professionals earning foreign income

Avoid compliance issues, stay transparent, and declare your foreign assets with confidence. Let us handle the complexities while you focus on your global financial journey.