businesstoday.in · DistrictNews · 2026-08-15
₹1 crore foreign asset disclosure could cost 60 % under FAST DS : Check the math
FAST-DS can impose a substantial cost on taxpayers declaring certain undisclosed foreign assets or income, with the tax and additional amount together reaching 60% of the declared value. For a ₹1 crore declaration, the total payable under this category can be ₹60 lakh. ₹1 crore foreign asset disclosure could cost 60 % under FAST DS : Check the math
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