News & Media 4th Dec 2025
“Our Partner, Rahul Charkha shares his insight in The Financial Express article, “Investing abroad: Income Tax Dept targets undisclosed foreign income; taxpayers urged to revise ITR by end-December.”
He says, “CBDT’s move is likely to push many wealthier taxpayers to regularize their positions because they have realized that the tax department already had access to third-party data. The least risky course of action becomes proactively correcting past non-disclosures and tightening internal documentation around source of funds, residential status, and tax positions on foreign source income, rather than waiting for the department to initiate scrutiny or launch proceedings under the Black Money Act.”
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