About the Book – Key Highlights
A Simple & Practical Guide to Foreign Assets of Small Taxpayers under the Disclosure Scheme 2026 (FAST-DS 2026).
Explains eligibility, prescribed limits, tax, fees and compliance requirements in simple, easy-to-understand language.
Covers Foreign Bank Accounts, Shares, ESOPs, Immovable Property, Insurance, Jewellery and other foreign assets.
Explains foreign income disclosure and reporting requirements with practical insights.
Includes worked examples to simplify complex provisions and their practical application.
Provides a practical overview of Forms 1, 2, 3 & 4 and explains when and how they are to be used.
Explains valuation of foreign assets along with relevant rules and practical guidance.
Covers the ₹1 lakh fee route and other key provisions of the scheme.
Explains the provisions relating to immunity from penalty and prosecution, including the conditions required to claim such immunity.
Includes FAQs, relevant rules and practical insights to support better understanding and compliance.
Highlights the 31 December 2026 deadline and the key actions taxpayers should consider before the due date.
A valuable reference for small taxpayers, Chartered Accountants, tax professionals and anyone dealing with foreign assets or foreign income.