Why disclosure windows matter
Indian residents (and in some cases RNORs) are required to report specified foreign assets and income in the ITR. Historical omissions — an overseas ESOP, a dormant brokerage account, a retirement plan — can attract consequences under the Black Money Act and related penalty provisions. When the government opens a structured disclosure window, the cost of coming forward is usually far lower than the cost of a later notice.
How we help
We inventory the foreign positions, test whether they were reportable for prior years, quantify exposure, and prepare the disclosure in the form the scheme requires. We do not treat amnesty as a substitute for ongoing compliance — the following year’s return must be clean.
Discuss this with a specialist
Call or WhatsApp +91 90153 30337. Initial scoping conversations are complimentary.
Request a consultation WhatsApp