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Income Tax Foreign Assets Disclosure Scheme 2026: Who Can Declare Undisclosed Overseas Assets, Tax Rates and Deadlines

Free Press Journal · DistrictNews · 2026-08-15

Income Tax Foreign Assets Disclosure Scheme 2026: Who Can Declare Undisclosed Overseas Assets, Tax Rates and Deadlines

The Income Tax Department has notified rules for the Foreign Assets of Small Taxpayers Disclosure Scheme 2026. Eligible taxpayers can declare certain undisclosed foreign assets or income up to Rs 1 crore, or previously taxed but undeclared foreign assets up to Rs 5 crore, by paying specified tax or fees Income Tax Foreign Assets Disclosure Scheme 2026: Who Can Declare Undisclosed Overseas Assets, Tax Rates and Deadlines

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