India's FAST-DS scheme for disclosing undisclosed foreign assets up to ₹1 crore requires a 30% tax plus an equal additional amount, totaling 60%. For a ₹1 crore declaration, taxpayers pay ₹60 lakh. The scheme runs from August 16 to December 31, 2026.
FAST-DS disclosure may cost 60% on foreign assets
Source: Business Today