ITR Filing 2026: Foreign assets in your portfolio? Here's why you should not miss Schedule FA disclosure
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Taxpayers with foreign investments must disclose them in Schedule FA when filing income tax returns. Resident and Ordinarily Resident taxpayers are required to report foreign assets, regardless of income generated, to avoid scrutiny. Details here.
Many taxpayers hold investments in foreign stocks, ETFs, ESOPs, overseas bank accounts, and RSUs. In such cases, disclosure under Schedule FA while filing the i...