India Opens One-Time Foreign Asset Disclosure Scheme: What Taxpayers Need to Know
The Indian government has opened a new one-time disclosure window for taxpayers who have previously failed to report certain foreign assets or overseas income. The Foreign Assets of Small Taxpayers–Disclosure Scheme, 2026 (FAST-DS) came into effect on August 16, 2026, giving eligible taxpayers until December 31 to regularise specified overseas holdings. The scheme is particularly…