Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, ...

Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, ...

The Central Board of Direct Taxes (CBDT) notified the Income Tax Return form-2, or ITR-2, for FY2024-2025 on May 5, 2025. ITR 2 is relevant for the majority of taxpayers, especially salaried employees ...

Taxpayers may make errors while reporting foreign assets in Schedule FA, particularly due to the detailed disclosure requirements and increasing data-sharing between tax authorities globally.

Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA.