https://www.taxtmi.com/article/detailed?id=15848 FAST-DS 2026 establishes a time bound voluntary disclosure window for residents with undisclosed foreign assets or income: eligibility includes non filers, filers who omitted disclosures, and assets escaped reassessment. Two fiscal tiers apply-(1) undisclosed assets/income taxed at 30% plus an additional 100% of that tax (valuation as on 31 March 2026) subject to a one crore ceiling; (2) assets from non resident income or already taxed income subject to a fixed fee of one lakh and a five crore ceiling. Declarations must be complete, electronically verified, paid within prescribed timelines, and result in a conclusive certification order. en-us Tue, 10 Feb 2026 09:10:54 +0530 Tue, 10 Feb 2026 09:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15848 FAST-DS 2026 establishes a time bound voluntary disclosure window for residents with undisclosed foreign assets or income: eligibility includes non filers, filers who omitted disclosures, and assets escaped reassessment. Two fiscal tiers apply-(1) undisclosed assets/income taxed at 30% plus an additional 100% of that tax (valuation as on 31 March 2026) subject to a one crore ceiling; (2) assets from non resident income or already taxed income subject to a fixed fee of one lakh and a five crore ceiling. Declarations must be complete, electronically verified, paid within prescribed timelines, and result in a conclusive certification order. Articles Budget - Tax Proposals Tue, 10 Feb 2026 09:10:54 +0530 https://www.taxtmi.com/article/detailed?id=15848