I-T Department launches Form 1 for foreign asset reporting scheme
The Income Tax Department has now uploaded Form 1 for the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, to its official e-filing website. This program offers a single chance for qualifying small taxpayers to report previously undeclared foreign income and assets. All declarations are required to be filed no later than December 31, 2026.
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