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FAST-DS 2026: Have an undisclosed foreign asset worth 1 crore? Know why disclosure could cost 60 lakh, heres 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.