In recent years, global financial transparency has become a priority for governments worldwide. India, too, has strengthened its disclosure framework to ensure residents report their overseas income and assets. With strict laws in place, non-compliance can attract significant penalties, including prosecution. Understanding the foreign asset reporting rules in India is therefore crucia... https://www.storeboard.com/blogs/finance-and-side-hustles/foreign-asset-reporting-rules-in-india-what-every-resident-needs-to-know/6305535