Forgot to disclosed foreign Asset FY 2021-22

[User_fa5243bc]

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User_fa5243bc
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March 10, 2025 at 5:26 pm

I have some query

My wife had US shares in Vested broker for FY 2021-22 having 2 foreign shares as assets (approx INR 3500 only) for calender year 2021. But my CA does not show this asset in schedule FA , FSI, TR etc. He just showed capital gain (Rs 5k only) under ‘From sale of assets other than at A1 or A2 or A3 or A4 or A5 above’. Dividend was Nil. Interest was Rs 10.

Total ITR income was Rs 2,42,00 (less than basic exemption limit). Most of the income was from business income under 44AD.

For next FY 2022-23, 2023-24 we have fully filled all the relevant schedules of foreign assets/income

Whether we need to fill ITR-U for FY 2021-22? Whether this will attract Black money act for such small amount..?

Please help. Need your guidance on this.

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