
Foreign Assets of Small Taxpayers – Disclosure Scheme (FAST-DS), 2026: An Economic and Compliance Assessment
The Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS 2026) was introduced by the Ministry of Finance under Sections 135 to 142 of Chapter IV of the Finance Act, 2026, to provide a voluntary, one-time compliance opportunity for Indian resident taxpayers to regularize undeclared foreign holdings and overseas-sourced income (Finance Act, 2026).






