New Delhi, Nov. 28 -- The income-tax department will on Friday launch a nudge campaign asking taxpayers to report their foreign assets acquired in the previous financial year (FY 2024-25) by December 31, if they have not mentioned the same in their income-tax returns (ITRs), or face action. The campaign is being launched after the Central Board of Direct Taxes (CBDT) identified high-risk cases in its Analysis of the Automatic Exchange of Information (AEOI) for FY 2024-25 where foreign assets appear to exist but have not been reported in the ITRs, a finance ministry statement said. ITRs for FY 2024-25 are filed in the current assessment year (AY 2025-26). "Accordingly, the CBDT is launching the second NUDGE campaign, under which SMSs and emails will be issued from 28th November 2025 to such taxpayers, advising them to review and revise their returns on or before 31st December 2025 to avoid penal consequences," it said. The first NUDGE (Non-intrusive Usage of Data to Guide and Enable) campaign was launched on November 17, 2024, targeted select taxpayers who had been reported by foreign jurisdictions under the AEOI framework as holding foreign assets that were not disclosed in their Income Tax Returns (ITRs) for AY 2024-25....