يتطور
اقتصاد·29/4/2026ملخص الذكاء الاصطناعي
India Introduces FAST-DS Amnesty Scheme for Foreign Asset Disclosure
India has introduced FAST-DS (Foreign Assets of Small Taxpayers Disclosure Scheme), a one-time amnesty program in Budget 2026 allowing Indian residents and NRIs to voluntarily disclose unreported foreign assets. The scheme targets inadvertent non-compliance, particularly for ESOP holders and those who failed to report foreign assets in ITR Schedule FA. Taxpayers with aggregate assets up to Rs 1 crore pay 60% settlement, while those with assets up to Rs 5 crore acquired from previously-taxed income pay just Rs 1 lakh. The scheme aims to reduce Rs 10 lakh penalties under the Black Money Act and avoid litigation.
E
Economic Times3 د قراءة