Tax dept launches fresh campaign to nudge those with overseas assets to come clean

The income tax department has launched a fresh campaign targeting around 25,000 high-risk cases with undeclared overseas assets or income. This initiative, following a successful similar move last year, urges taxpayers to review and revise their returns by December 31 to avoid penalties under the Black Money Act.

Tax dept launches fresh campaign to nudge those with overseas assets to come clean
The income tax department has launched a fresh campaign targeting around 25,000 high-risk cases with undeclared overseas assets or income. This initiative, following a successful similar move last year, urges taxpayers to review and revise their returns by December 31 to avoid penalties under the Black Money Act.