Salary + Foreign Assets ITR Filing
ITR filing and mandatory disclosure for salaried individuals with foreign income or assets
Overview
Salary + Foreign Assets ITR filing is designed for resident salaried individuals who hold foreign bank accounts, foreign investments, ESOPs from a foreign parent company, or earn income from foreign sources, alongside their regular salary. This is the most compliance-sensitive category of salaried filing, since non-disclosure of foreign assets is a serious offence under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, with penalties up to ₹10 lakh per asset per year — even if the asset has no taxable income. Filing requires mandatory use of ITR-2 with Schedule FA (Foreign Assets) and Schedule FSI (Foreign Source Income), and accurate computation of foreign tax credit through Form 67 where Double Taxation Avoidance Agreement (DTAA) relief applies.
Services Included
- Form 16 and salary income computation
- Foreign bank account and asset disclosure (Schedule FA)
- Foreign source income reporting (Schedule FSI)
- ESOP taxation review for foreign employer grants
- Foreign tax credit and DTAA relief computation (Form 67)
- ITR-2 preparation and e-verification
Who Should Buy
- Salaried employees with ESOPs from foreign parent companies
- Individuals holding foreign bank accounts
- Employees who worked or earned abroad during the year
- Individuals with foreign investments or retirement accounts
How It's Done
Subject to complete foreign account and income documentation
(Estimated completion: 4–7 working days)
Buy the plan
Select and pay for the service.
ITR expert assigned
A tax expert will get in touch with you.
Document collection & verification
Form 16, foreign bank statements, and asset details reviewed.
Foreign asset & income disclosure
Schedule FA and FSI prepared with DTAA relief computation.
ITR filed & e-verified
Return is filed and e-verified on the income tax portal.
Documents Required
PAN Card
Aadhaar Card
Form 16 from employer(s)
Foreign bank account statements
ESOP grant letter and vesting/exercise records
Foreign tax paid certificates (for Form 67)
Foreign asset holding certificates/statements
FAQs
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Salary + Foreign Assets ITR Filing
₹2,999