Over 30,000 taxpayers in India have voluntarily disclosed foreign assets worth over Rs 29,000 crore following a campaign by the Central Board of Direct Taxes (CBDT). As part of the initiative, 6,734 taxpayers opted to change their status from residents to non-residents. Launched in November, the campaign utilized various outreach methods such as emails and text messages to urge taxpayers to comply with the regulations regarding the declaration of foreign income and assets. The significant response to the campaign indicates a growing awareness and willingness among taxpayers to adhere to tax laws and report overseas assets. This proactive approach by taxpayers is in line with the government’s efforts to curb tax evasion and promote transparency in financial dealings. The CBDT’s initiative not only aims to increase tax compliance but also serves as a deterrent to those who may be tempted to conceal foreign assets. By voluntarily disclosing foreign holdings, taxpayers can avoid potential penalties and legal consequences while contributing to the country’s tax revenue.