ITR-2 for Foreign Assets Disclosure

If you are an Indian tax resident and have foreign assets like, RSU's, foreign bank accounts, custodial/brokerage accounts, real estate etc, you are required to make proper disclosures for the same as well for the income arising from such assets in your Indian tax return.

Failure to do so attract significant tax and penalty exposure under the Black Money Act, 2015.

I help you make precise disclosures in your annual Indian tax filings to keep you safe from unnecessary interface with the Black Money processes.

The Plan Covers Filing Indian Income-tax return for

• Salary Income

• Rental / House Property Income

• Other Income Sources

• Capital Gains on Shares & Mutual Fund

• Deductions under Chapter VI-A

• Exempt Incomes

• Capital Gains from Foreign Stocks

• Crypto Transactions

• Capital Gains from Foreign Stocks

• Form 67 Filing for Foreign Stocks

• Reporting in Schedule FA, FSI, TR

Exclusion:

1. Where the foreign tax credit exceeds Rs 1 lakh, it shall require CA Certification. That shall be covered in a separate plan.

2. Business Income-tax return.

3. Foreign Custodial Accounts with active Options/Derivative Trading