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Trusted by 1000+ entrepreneurs across India

Our Services

Foreign Income Reporting

Report global income with confidence — compliant, accurate, and penalty-free.

100% Accurate Reporting

ITR & Schedule FA compliant

FTC Optimization

Maximize tax credit benefits

Zero Penalty Risk

Compliant with all regulations

What is Foreign Income Reporting?

Foreign income reporting is a critical requirement for Indian residents earning income abroad or holding foreign assets.

Under the Income Tax Act, 1961 and the Black Money (Undisclosed Foreign Income and Assets) Act, 2015, proper disclosure of foreign income and assets is mandatory.

Failure to disclose can result in heavy penalties, scrutiny notices, and legal consequences.

Our service ensures your foreign income and assets are accurately reported, tax-efficiently structured, and fully compliant, while maximizing available relief under DTAA and FTC provisions.

How It Works

Our step-by-step process ensures a smooth, transparent experience from start to finish.

01

Data Collection & Review

Gather details of foreign income, assets, and investments.

02

Tax Residency Analysis

Determine taxability based on residential status.

03

Income Computation & FTC

Calculate taxable income and claim foreign tax credits.

04

ITR Filing with Full Disclosure

Report foreign income and assets in Schedule FA.

05

Compliance Check & Final Review

Ensure complete and error-free reporting.

Documents Required

  • PAN Card
  • Passport
  • Foreign Income Statements (salary, dividends, etc.)
  • Bank Statements (Foreign & Indian)
  • Investment & Asset Details (shares, property, accounts)

Timeline & Turnaround

Data Review2–3 Days
Tax Computation & FTC2–4 Days
Filing & Reporting1–2 Days
Expert Advisor

Ready to Get Started?

Book a free consultation — our expert will call you within 24 hours.

Frequently Asked Questions

Who needs to report foreign income in India?
Resident individuals earning income abroad or holding foreign assets must report it in their ITR.
What is Schedule FA?
Schedule FA is a section in the Income Tax Return used to disclose foreign assets and financial interests.
What happens if foreign income is not reported?
Non-disclosure can lead to heavy penalties and action under applicable tax laws.
Can I claim tax paid abroad?
Yes, you can claim Foreign Tax Credit (FTC) to avoid double taxation, subject to conditions.
Is foreign income always taxable in India?
It depends on your residential status, but generally, residents are taxed on global income.