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FAST-DS 2026: Have an undisclosed foreign asset worth ₹1 crore? Know why disclosure could cost ₹60 lakh, here’s the math

LiveMint - Money · 16 August 2026 at 7:35 am

FAST-DS 2026: Have an undisclosed foreign asset worth ₹1 crore? Know why disclosure could cost ₹60 lakh, here’s the math

FAST-DS 2026 opens on August 16, allowing eligible taxpayers to disclose certain undisclosed foreign assets and income until December 31.

For the first category, a ₹1 crore declaration can attract ₹30 lakh tax plus an equal additional amount, taking the total payment to ₹60 lakh.

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FAST-DS 2026: Have an undisclosed foreign asset worth ₹1 crore? Know why disclosure could cost ₹60 lakh, here’s the math

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