NEW INCOME TAX MESSAGE ! INCOME TAX ACTION REQUIRED BY 31ST DECEMBER 2025 ! SMS and EMAIL NOTICE

INCOME TAX ACTION REQUIRED BY 31ST DECEMBER 2025 ! NEW INCOME TAX MESSAGE SMS and EMAIL NOTICE Summary The Income Tax Department is currently sending "Action Required" notices via SMS and email to taxpayers, urging them to revise their Income Tax Returns (ITR) by December 31, 2025. These notices are specifically targeting Indian residents who may have failed to report foreign assets or income in their original return for Assessment Year 2025-26 (Financial Year 2024-25). The Department has received information from foreign jurisdictions regarding assets held during the Calendar Year 2024, such as: Foreign bank accounts (including joint accounts). Foreign stocks, ESOPs, or debentures. Immovable property outside India. Cash value insurance or annuity contracts abroad. Signing authority in foreign accounts. Taxpayers are advised to check their records and, if necessary, file a Revised Return to include these details under Schedule FA (Foreign Assets) to avoid strict penalties and legal issues. Income Tax Notice, Income Tax Action Required, Schedule FA, Foreign Assets Reporting, Revised Return Last Date, 31st December 2025 Deadline, AY 2025-26, FY 2024-25, Undisclosed Foreign Income, Income Tax Department SMS, High Value Transactions, Foreign Stocks Taxation, ESOP Taxation, CA Satbir Singh, File Revised ITR, Section 139(5), Black Money Act, Tax Compliance, AIS TIS Update, Foreign Bank Account Reporting #IncomeTax #IncomeTaxNotice #ScheduleFA #ForeignAssets #RevisedReturn #ITR #AY202526 #TaxUpdate #CASatbirSingh #Dec31Deadline #TaxSeason #FinanceIndia #ForeignIncome #TaxCompliance #ESOP