https://www.taxtmi.com/article/detailed?id=15991 FAST-DS 2026 provides individual taxpayers a one-time window to regularise past non-disclosures of overseas income and assets on payment of tax and penalty, with immunity from prosecution under the Income-tax Act and the Black Money Act. The scheme is confined to individuals, and tax regularisation does not automatically cure FEMA contraventions. Foreign bank balances, overseas investments, funding routes and reporting obligations may still require separate examination under FEMA, including repatriation or surrender requirements, restrictions on step-down subsidiaries and financial services entities, permitted remittance routes, UIN and Form FC filings, and timely submission of investment evidence. en-us Mon, 09 Mar 2026 07:54:44 +0530 Mon, 13 Apr 2026 16:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15991 FAST-DS 2026 provides individual taxpayers a one-time window to regularise past non-disclosures of overseas income and assets on payment of tax and penalty, with immunity from prosecution under the Income-tax Act and the Black Money Act. The scheme is confined to individuals, and tax regularisation does not automatically cure FEMA contraventions. Foreign bank balances, overseas investments, funding routes and reporting obligations may still require separate examination under FEMA, including repatriation or surrender requirements, restrictions on step-down subsidiaries and financial services entities, permitted remittance routes, UIN and Form FC filings, and timely submission of investment evidence. Articles FEMA - Foreign Exchange Management Mon, 09 Mar 2026 07:54:44 +0530 https://www.taxtmi.com/article/detailed?id=15991