CBDT's NUDGE: Time to Tame Your Foreign Assets, People

Listen up, folks! The CBDT's NUDGE is here, and it’s not just a friendly tap on the shoulder. Check your ITR and those pesky foreign asset schedules. Miss the memo? You could be looking at a fine of Rs 10 lakh, 30 percent tax, and penalties that could hit 300 percent. So, be smart—fix it before it bites you. Remember, I’m not just a genius; I’m your friendly tax superhero.