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FAST DS 2026
Foreign bank balance may be small, but its value could be much higher: How FAST-DS 2026 values your foreign assetsA foreign bank account with a small closing balance may have a much higher value under FAST-DS 2026. This article explains how different ty...- Foreign income disclosed in ITR-U: Why it could still trigger Black Money Act - FAST-DS 2026 ParadoxFAST-DS 2026 raises an important question for taxpayers who have voluntarily disclosed foreign income through a valid ITR-U. Can such incom...
- Finance Act 2026: Updated return rules change for taxpayers reporting reduced lossesThe Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a ...
- Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for manyThe rupee's depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regular...
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
- Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
- ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- Oz Pearlman the mentalist who tried to read Trump’s mind seconds before shooting at White House Correspondents’ Dinner speaks outMentalist Oz Pearlman was performing for President Trump and the First Lady at the White House Correspondents' Dinner when gunshots erupted...
- Iran says 'Israel First Tax' to hit US economy; Pentagon's $200b is the 'tip of the iceberg'Iran's Foreign Minister Seyed Abbas Araghchi stated that the United States economy faces an 'Israel First Tax'. He cited the Pentagon's $20...
- Undisclosed foreign assets? Budget 2026 offers a 6-month amnesty—here’s how to avoid jail
- Reduced TCS, extended ITR deadline, simplified TDS on property, centralised Form 15G/H, immunity from tax prosecution and more in Budget 2026Budget 2026 brings major changes to personal income tax. Tax Collected at Source rates are reduced. Deadlines for filing income tax returns...
- Budget 2026: What changed and what remains same for individual taxpayers; know how your future taxation will be impactedIn terms of tax proposals, specifically for individual and small taxpayers, rather than offering immediate tax rate reductions or slab rest...
- Budget FY27: FMCG industry says focus on MSMEs, infra, rural demand to drive growthTop executives said the budget reflects continuity and resilience, while avoiding short-term populism. They noted that measures such as MAT...
- Budget 2026 Key Highlights: Income tax slab, new ITR forms, filing due dates, stock buyback taxation; penalty on crypto-related income tax reporting and moreBudget 2026 brings key changes for taxpayers. The income tax return correction window extends to March 31. TDS and TCS rules are simplified...
- One time undisclosed foreign income disclosure scheme announced in Budget 2026 for these taxpayersA new scheme will allow small taxpayers to declare undeclared foreign assets. This one-time offer covers income or assets up to one crore r...
- FMCG industry looks for high-single-digit volume growth in 2026 with better marginsThe Indian FMCG sector anticipates a strong 2026. Expect high single-digit volume growth and better margins. Urban demand is set to recover...
- In EV catch-up race, legacy automakers hitch a lift with Formula EFormula E has struggled to win over many motorsports enthusiasts, with Formula One still attracting significantly bigger audiences because ...
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