Who has to report foreign assets in Indian income tax return and how to do it

The assets to be reported include foreign bank accounts, financial interest, immovable property, accounts in which individual has signing authority, trusts, any other capital asset held by the individual outside India. The assets need to be reported irrespective of value and the values are to be reported in Indian Rupees. Jointly held assets are to be disclosed at their full value by each of the joint owners to whom the reporting requirement is applicable although income in relation to .. Read more at: //economictimes.indiatimes.com/articleshow/59964776.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst #FinancialCoach #IncomeTaxReturn #ForeignAssets