CBDT and the second round of NUDGE Campaign

The CBDT has tightened its focus on foreign asset reporting with the launch of Phase-II of its NUDGE initiative. Starting 28 November 2025, thousands of taxpayers flagged through CRS/FATCA data analytics will receive alerts to revisit and correct foreign asset disclosures for AY 2025–26. This marks a significant escalation in India’s data-driven tax compliance framework. Penalty for non disclosure is heavy duty. J the App by JustIDT takes a look