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₹29,000 cr foreign assets disclosed
Mint Bangalore
|March 07, 2025
A compliance drive launched in November 2024 by the Central Board of Direct Taxes (CBDT), based on financial information received from foreign tax authorities, has led to more than 30,000 persons declaring previously unreported foreign assets worth ₹29,208 crore and additional foreign income of ₹1,090 crore, a person with direct knowledge of the matter said.
The information received in September 2024 from over 108 countries included foreign accounts and income in interest and dividends earned outside India, the person
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