An Income Tax Notice for Foreign Assets is often triggered by mismatches between foreign financial data and Indian ITR disclosures. Common causes include missing Schedule FA details, incorrect DTAA claims, or errors by returning NRIs. Ignoring such notices may lead to heavy penalties under the Income Tax Act or Black Money Act. Timely and accurate compliance is essential to resolve th... https://www.dineshaarjav.com/blog-detail/income-tax-notice-for-foreign-assets-401k-rsu-overseas-accounts