The Central Board of Direct Taxes (CBDT) has launched the second edition of its Non-intrusive Usage of Data to Guide and Enable (NUDGE) initiative, aimed at promoting voluntary compliance among taxpayers holding foreign assets. Starting 28th November 2025, the CBDT will send SMSs and emails to identified taxpayers, advising them…
Tag: #ForeignAssets
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ED Busts ₹80 Crore Benami Assets of Delhi Businessman
The Enforcement Directorate (ED) has uncovered more than ₹80 crore worth of undisclosed overseas assets linked to Delhi-based businessman Manvinder Singh, chairman of Imperial Group, and his associates. The raids, conducted on September 19 and 20 across Himachal Pradesh and Delhi, revealed investments in foreign firms and properties allegedly acquired…