Disclose all foreign property in Schedule FA of ITR; rental income and capital gains are taxable in India.
This infographic guides Indian residents on declaring foreign real estate in their ITR. Report property details in Schedule FA, including address, acquisition date, and cost. Rental income is taxable, and capital gains on sale are taxed as per holding period. Non-disclosure can lead to penalties up to ₹10 lakh under the Black Money Act.