FAST-DS 2026: Have an undisclosed foreign asset worth ₹1 crore? Know why disclosure could cost ₹60 lakh, here’s the math

FAST-DS 2026 opens on August 16, allowing eligible taxpayers to disclose certain undisclosed foreign assets and income until December 31. For the first category, a ₹1 crore declaration can attract ₹30 lakh tax plus an equal additional amount, taking the total payment to ₹60 lakh.