Foreign Assets FAST DS Scheme: Have you hidden assets or earnings abroad? Last chance to inform with 30% tax and penalty till 31st December, know what is FAST-DS scheme
The Central Board of Direct Taxes (CBDT) and the Finance Ministry have notified a new voluntary disclosure scheme FAST-DS (Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026), giving a big relief to small taxpayers holding undisclosed assets abroad, foreign bank accounts, shares of foreign companies (ESOPs/RSUs) or foreign income. This scheme will be effective … Read more