Don't want to miss the best from Business Standard?
Thursday, November 27, 2025 | 11:38 PM ISTहिंदी में पढें
CBDT to nudge 25K high-risk taxpayers to disclose foreign assets
Move aims to nudge 25,000 taxpayers to disclose foreign assets and income
 "Income Tax Department reopens cases, fake purchase tax evasion, GST fake invoice crackdown, IT assessment reopening India, input tax credit fraud India, fake invoice scam businesses, entry operators GST India, tax evasion trading electronics construc")
premium
A wider second phase will roll out from mid-December, covering more individuals flagged for potential non-compliance.
The Income Tax Department will send compliance reminders to about 25,000 high-risk taxpayers as part of its campaign to voluntarily nudge them to disclose foreign assets and income, beginning November 28, according to sources in the Central Board of Direct Taxes (CBDT).
The 'NUDGE' (Non-intrusive Usage of Data to Guide and Enable) campaign, launched last year, targets residents who may not have fully disclosed their foreign assets or income, based on the analysis of the Automatic Exchange of Information (AEIO) data for financial year 2024-25 (calendar year 2024).
As part of the
