Income Tax Notice on Foreign Assets | ITR filing AY 2025-26

Описание: Income Tax Notice on Foreign Assets | ITR filing AY 2025-26

Have you invested in US stock market so Simply declaring your dividend income is not enough! If you fail to file Schedule FA (Foreign Assets) or submit Form 67 you could face severe notices from the Income Tax Department potentially even under the Black Money Act.

In this video I break down exactly how to file your ITR correctly for US stock investments:

1. Schedule FSI Explained: How to correctly report foreign income in your Income Tax Return.
2. Form 67 Tutorial: Step-by-step guide to claiming the Foreign Tax Credit (FTC) for taxes already deducted in the US.
3. Schedule FA is Mandatory: Why you must declare foreign holdings even if you are in a loss or have zero income.
4. Save Tax with Section 90: How to use the Double Taxation Avoidance Agreement (DTAA) to avoid paying tax twice.
Don't risk a ₹10 Lakh penalty for a small dividend gain. Watch the complete guide to stay compliant! 👇
Topics Covered:
• Taxation on US Dividend Income for Indian Residents
• How to file Form 67 online on the Income Tax Portal
• How to fill Schedule FA in ITR-2 and ITR-3
• Understanding Foreign Tax Credit (FTC) rules


​#IncomeTax #IncomeTax #USStocks #Investing #Finance #ITRFiling #StockMarketIndia #AY2025_26
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Desclaimer
This video is merely a guide meant for learning purpose only. All the instructions, references, content or documents are for educational purpose only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisor as to the risks involved may be obtained and necessary due diligence, etc..may be done at end.

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