November 27, 2025 4:30 PM
CBDT launches second NUDGE initiative to boost voluntary compliance on foreign asset disclosure
The Central Board of Direct Taxes (CBDT) has launched the second phase of its NUDGE initiative to strengthen voluntary compliance relating to the disclosure of foreign assets and income. Beginning November 28, the department will send SMS and email alerts to identified taxpayers, advising them to review and revise their Income Tax Returns (ITRs) for AY 2025–26 by December 31, 2025, to avoid penal consequences. According to the finance ministry, the initiative follows an analysis of Automatic ...