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Who can declare undisclosed foreign assets under new govt scheme?

short by Mansi Agarwal / on Sunday, 16 August, 2026
Under the new Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), an eligible assessee includes Indian residents, non-residents, and resident but not ordinarily resident (RNOR) individuals. To qualify, the taxpayer must have resided in India either during the year the undisclosed income was earned or when the foreign asset was originally acquired.
read more at Financial Express