Indian Citizen UK Resident Can I declare FY21-22 foreign income in current Self Assessment ?

I am a UK Resident /Indian Citizen , so if I have submitted my FY21-22 Self Assessment without declaring my income via Interest earned on Fixed Deposit in India. I now understand that it needs to be declare such income & pay tax. Can I do it next year 22-23 ? Will I have to pay any penalty for not declaring in Fy21-22?

Hi nomadic_user,

You need to declare income in the year it is earned so you will need to amend your tax return.

You may be charged a late payment penalty and interest if the amendment results in increased tax that is not paid by 31 Jan 2023.

Thank you.