CBDT Notifies FAST-DS 2026 Rules, Foreign Asset Disclosure Window Opens August 16

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How it spread - 8 original reports

1. Sat, 15 August 2026

   1 report
   • sentinelassam.com11:45
     CBDT Notifies FAST-DS 2026 Rules, Foreign Asset Disclosure Window Opens August 16

     New Delhi: The Central Board of Direct Taxes (CBDT) has notified the Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS) Rules, 2026, providing eligib

2. Sun, 16 August 2026

   1 report
   • slguardian.org10:15first to report
     India Opens Tax Amnesty for Small Taxpayers with Undeclared Foreign Assets

     India has opened a tax amnesty scheme allowing small taxpayers to declare certain previously undisclosed foreign income and assets, giving eligible individuals until December 31 to come forward under a...

3. Tue, 18 August 2026

   4 reports
   • livemint.com09:59
     Missed declaring foreign assets? Here’s your relief window—with a catch.

     The CBDT is giving small taxpayers, NRIs and employee stock option holders until 31 December to avoid severe Black Money Act penalties, but this immunity comes at a steep cost.

   • livemint.com11:08
     Foreign remittances under scanner: Income Tax Dept launches nationwide verification

     The Income Tax Department initiated a nationwide verification of suspicious foreign remittances, prompted by data analysis suggesting significant transactions from entities with minimal business activity.

   • indiatimes.com11:22
     Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to do

     Based on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad; Know what to do

   • livemint.com11:28
     Is crypto gifting allowed in India? Key FAQs on tax rules, exemptions, calculations and ITR filing answered

     Wondering whether you can gift crypto in India? This guide explains the rules around crypto gifting, including who can receive tax-exempt gifts, how tax is calculated when gifted crypto is sold, ITR reporting, documentation and other key compliance requirements.

4. Sat, 22 August 2026

   1 report
   • dailyexcelsior.com22:50
     Tracking Illicit Remittances

     The Income Tax Departments nationwide verification drive against 394 entities and 36 chartered accountants suspected of routing crores of rupees abroad is not, as some may be tempted to view it, a routine compliance exercise. It is a warning light...

5. Wed, 26 August 2026

   1 report
   • indiatimes.com17:25
     Illegal foreign remittances: IT dept widens probe, files FIR against 7

     Agra: Income tax (IT) department has widened its probe into the alleged illegal transfer of nearly Rs 1,600 crore, with seven people, including four chartered accountants (CAs), under investigation for allegedly facilitating foreign remittances without proper verification, sources in the department told TOI on Wednesday.