Budget 2026 Amnesty: Small Taxpayers Can Declare Hidden Foreign Assets, Avoid Prosecution
Union Budget 2026 introduces FAST-DS amnesty scheme allowing small taxpayers to declare undisclosed foreign assets and avoid prosecution under Black Money Act.
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Union Budget 2026 introduces FAST-DS amnesty scheme allowing small taxpayers to declare undisclosed foreign assets and avoid prosecution under Black Money Act.
Non-disclosure of foreign shares in Schedule FA can trigger 30% tax, 90% penalty and prosecution under Black Money Act. Know scenarios and remedies.
Know how much gold families can legally keep in India without proof. CBDT limits for women and men, tax penalties, seizure rules, and income tax raid risks explained.
Even honest taxpayers face ₹10 lakh penalties under the Black Money Act for small foreign asset reporting lapses. Learn Schedule FA rules, ITAT relief & how to stay compliant.
Received an Income Tax notice for undisclosed foreign assets? Learn FATCA, CRS, Schedule FA & FSI rules, Black Money Act penalties, and how to revise ITR before Dec 31, 2025.