25,000 taxpayers flagged over non-disclosure of foreign assets
The Income Tax Department will send SMS alerts and emails to around 25,000 taxpayers over potential non-disclosure of foreign assets in ITRs filed for AY 2025-26. According to PTI, these taxpayers will be asked to file revised ITRs by December 31 to avoid penalties. The first phase of "nudge" campaign will target "high-risk" cases before expanding to other cases.