IT Dept issues Summons to NRIs for Foreign Assets, Residency Status Proof

The Income Tax Department has issued summons to several Non-Resident Indians (NRIs) requiring them to provide proof of their foreign assets and residency status. This action is part of a broader effort to curb tax evasion by NRIs and ensure compliance with income tax laws. The department is particularly focused on identifying undisclosed foreign income and assets. NRIs are advised to maintain proper documentation and be prepared for increased scrutiny from tax authorities.