PoliticsPhoto: News18Hi BusinessGovernment Offers Amnesty for Declaring Undisclosed Foreign Property by Dec 31
The government has introduced the FAST-DS 2026 scheme allowing small taxpayers to declare undisclosed foreign properties by December 31, 2026. Under this scheme, a 30% tax and 30% penalty on the fair market value of the property must be paid. Failure to comply may result in seizure and imprisonment under the Black Money Act.
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