How to handle foreign mutual fund investments in ITR

Tue, 19 May 2026 00:00:00 +0000

Reporting foreign mutual fund investments in ITR depends critically on the structure: Indian-domiciled international FoFs are treated as Indian MFs (debt-mode post FA 2023); direct foreign funds via LRS are foreign assets requiring Schedule FA disclosure. Non-disclosure attracts severe penalties under the Black Money Act.

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How to handle foreign mutual fund investments in ITR