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Neelanjit Das · Taxation · 2026-08-15

Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026 - The Economic Times

Know how much tax you need to pay for disclosing undisclosed foreign asset under Foreign Assets of Small Taxpayers disclosure scheme rules notified by CBDT Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026 - The Economic Times

Why it matters. It provides a structured opportunity for small taxpayers to regularize undisclosed foreign assets without facing severe penal consequences.

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