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FM: ₹29,208-cr foreign assets declared after govt nudge
Financial Express Delhi
|March 26, 2025
A GENTLE NUDGE by the government in the form of a campaign resulted in the declaration of foreign assets worth ₹29,208 crore and foreign income of ₹1,089 crore by 30,161 taxpayers in assessment year 2024-25, finance minister Nirmala Sitharaman told the Lok Sabha on Tuesday.
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SMSes and emails were sent to 19,501 select taxpayers asking them to review their income tax returns based on information available to the tax department of foreign deposits, etc. In the campaign, “we nudged taxpayers to volunt
This story is from the March 26, 2025 edition of Financial Express Delhi.
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