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FOREIGN ASSETS AMNESTY
Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadline- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come clean
- Income Tax Department launches nationwide verification of suspicious foreign remittances
- India opens tax amnesty scheme for small taxpayers to declare select foreign assetsIndia's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared f...16 Aug, 2026, 01.31 PM IST
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...15 Aug, 2026, 10.07 AM IST
- 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...29 Jun, 2026, 11.19 AM IST
- 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...29 Apr, 2026, 01.06 PM IST
- Budget offers one-time amnesty for undisclosed foreign assets held by individualsA six-month mini amnesty window allows individuals to declare undeclared foreign assets acquired with disclosed earnings for a fee. This in...02 Feb, 2026, 12.52 AM IST
- Enforcement Directorate attaches assets worth Rs 1.54-crore in money laundering case against Amnesty IndiaThe probe agency has issued the order against the trust -- Indians for Amnesty International Trust (IAIT) -- in connection with a case link...07 Oct, 2022, 09.09 PM IST
- Pakistan's amnesty scheme pulls in Rs 80 billion in taxNearly 5,000 people in Pakistan have filed returns declaring their foreign assets and deposited approximately Rs 80 billion in taxes so far...30 Jun, 2018, 03.41 PM IST
- Pak PM offers major tax amnesty scheme ahead of pollsFixed assets will incur a 3 per cent penalty, to be evaluated at the market value of the asset, which cannot be less than the cost of its a...06 Apr, 2018, 12.35 PM IST
- Modi-like amnesty scheme may help Pakistan attract billions in investmentPakistanis hold $150 bn in undeclared offshore assets, including $80 bn in property.19 Apr, 2017, 12.52 PM IST
- IDS 'major success' vis-a-vis VDIS: Finance Minister Arun Jaitley"In view of the above (comparative data), it can be inferred that IDS, 2016 has been a major success vis-a-vis VDIS, 1997," he said.18 Nov, 2016, 05.18 PM IST
- Black money haul: Rs 65,250 crore disclosed through Income Declaration SchemeA total of 64,275 disclosures were made from which Rs 65,250 crore was declared under Income Declaration Scheme.01 Oct, 2016, 06.37 PM IST
- Budget 2016: Amnesty-like scheme for domestic black money holdersThe government today offered domestic holders of undisclosed income and assets a one-time compliance opportunity to escape prosecution.29 Feb, 2016, 10.34 PM IST
- One-time short window for declaring assets abroad: Revenue Secretary Shaktikanta DasDas was elaborating upon FM Arun Jaitley's budget proposal to come out with a stringent law to deal with the black money stashed abroad.03 Mar, 2015, 06.23 PM IST
- Black money holders will have a last chance to disclose assets: GovernmentJayant Sinha said the failure to unveil assets abroad will invite a rigorous jail term of up to seven years.01 Mar, 2015, 09.47 PM IST
- Black money holders will have a last chance to disclose assetsElaborating on the proposed legislation, Jayant Sinha said the concealment of income and tax evasion could result in imprisonment of up to ...01 Mar, 2015, 03.46 PM IST
- Union Budget 2012 makes it mandatory for taxpayer to declare foreign bank accounts & other offshore assetsThe US had offered immunity from prosecution to those who have disclosed such income within the period specified under the law.16 Mar, 2012, 02.25 PM IST
- Amnesty scheme in works to get back money in foreign accountsIndia could announce an amnesty scheme to give its citizens an opportunity to come clean on their undeclared assets.15 Sep, 2011, 02.13 AM IST
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