Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over ...

Accurate reporting and complying with Schedule Foreign Assets (Schedule FA) and Foreign Source Income (Schedule FSI) in income tax returns is mandatory under the Black Money (Undisclosed Foreign ...

The Income Tax Department urges taxpayers who omitted foreign assets (FA) or foreign income from their original ITR to file a revised return before December 31. This corrects any omissions or ...

The Income Tax Department of India has intensified its efforts to track foreign income and assets held by resident taxpayers. Leveraging global data-sharing networks under the Common Reporting ...