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Policy● Neutral for Indian equities
Disclosing foreign assets or income under FAST-DS 2026 is just the first step: Here's how to make tax payment
The brief
- FAST-DS 2026 lets eligible taxpayers disclose certain previously undisclosed foreign assets or income
- A valid declaration is only the first step; taxpayers must also make a tax payment
- Indian taxpayers with undisclosed foreign assets or income face disclosure and payment obligations
- Income tax audit and ITR filing deadlines extended by 21 days
- CBDT extends tax audit and ITR filing deadlines for eligible taxpayers
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- Tax audit deadline for AY 2026-27 is September 30, 2026
- PAN-based TDS reporting eases compliance for NRI property purchases from October 1