India Opens Limited Window for Small Taxpayers to Declare Hidden Foreign Assets
India's tax authorities are throwing a one-time lifeline to small taxpayers with hidden overseas wealth. The government has launched the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), 2026, which officially opens on August 16, 2026, offering a limited window until December 31, 2026, for individuals to declare undisclosed foreign assets and income. This scheme provides crucial immunity from severe penalties and prosecution under the strict Black Money Act, a significant relief for those who may have inadvertently missed disclosure requirements.














