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The Economic Times
The Economic Times
O.P. Yadav

Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed income

CBDT India

The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) provides an important compliance window for eligible taxpayers with undisclosed foreign income or foreign assets.

However, taxpayers examining their eligibility under the Rs 1-crore limit may encounter an important computational issue. The Rs 1-crore limit applies to the aggregate value of undisclosed foreign assets as on 31 March 2026 and undisclosed foreign income.

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