https://www.taxtmi.com/acts?id=53961 Definitions under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 identify the persons covered, the filing concepts used in the scheme, and the meaning of key expressions governing disclosure of foreign assets and foreign income. The term assessee includes a resident in India, and also a non-resident or not ordinarily resident who was resident in India in the relevant previous year connected with the undisclosed foreign income or the acquisition year of the undisclosed foreign asset. Words not defined in the scheme take their meanings from the Income-tax Act, 1961, the Black Money Act, 2015, or the Income-tax Act, 2025, as applicable. en-us Thu, 02 Apr 2026 18:30:45 +0530 Thu, 23 Apr 2026 11:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53961 Definitions under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 identify the persons covered, the filing concepts used in the scheme, and the meaning of key expressions governing disclosure of foreign assets and foreign income. The term assessee includes a resident in India, and also a non-resident or not ordinarily resident who was resident in India in the relevant previous year connected with the undisclosed foreign income or the acquisition year of the undisclosed foreign asset. Words not defined in the scheme take their meanings from the Income-tax Act, 1961, the Black Money Act, 2015, or the Income-tax Act, 2025, as applicable. Act-Rules Direct Taxes Thu, 02 Apr 2026 18:30:45 +0530 https://www.taxtmi.com/acts?id=53961