Blogs
Foreign Assets Disclosure Scheme (FAST-DS 2026): Income Tax Relief vs FEMA Risks - What Every Individual Must Know Before Disclosure
Published in May’26 edition of The Bombay Chartered Accountant Journal
The Union Budget 2026 introduced a one-time Foreign Assets Disclosure Scheme (FAST-DS 2026) to provide a compliance window to individual taxpayers for regularising past non-disclosures of overseas income and assets. The scheme permits voluntary disclosure of undisclosed foreign income and foreign assets up to ?5 crore and cases involving mere reporting lapses, where income has already been offered to tax in India...
Read moreThinking Beyond News Letter - June-2026
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IN THIS ISSUE
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SECTION 01 Analytical Articles |
SECTION 02 Customs & FTP Updates |
SECTION 03 GST Updates |
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1 |
Insightful Article on GST, Customs and Foreign Trade Policy. |
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A Foreign Assets... |