I-T dept to send SMS, emails to 25k taxpayers over undisclosed foreign assets

The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the “high-risk” cases identified for non-disclosure of foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26, sources said.

The “high-risk” cases have been identified on the basis of information received from foreign jurisdictions under the Automatic Exchange of Information (AEOI)



framework.

As part of the ‘nudge’ campaign, the Central Board of Direct Taxes (CBDT) in the first phase will target 25,000 ‘high-risk’ cases by sending SMS/emails, asking them to file revised ITR by December 31, 2025, to avoid penal consequences.

In the second phase, starting from mid-December, the NUDGE campaign would be expanded to cover other cases as well to improve the compliance ecosystem.