Current Affairs · Government Initiatives

Consider the following statements regarding the second 'Non-intrusive Usage of Data to Guide and Enable' (NUDGE) initiative launched by the Central Board of Direct Taxes (CBDT): 1. Under the second NUDGE initiative, CBDT will communicate with identified taxpayers through SMS and emails to encourage revision of Income Tax Returns related to foreign assets and income. 2. Accurate disclosure of foreign assets and foreign source income is mandated under the Income-tax Act, 1961 and the Black Money Act, 2015. 3. The second NUDGE initiative marks the first time CBDT has adopted a data-driven and non-intrusive approach to strengthen voluntary tax compliance. Which of the above statements is/are correct?