#foreign-assets
Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed income
FAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore limit? This article examines whether such income should be computed under the Income-tax Act and converted into Indian ru…
CBDT mulls inclusion of lower value account, pre-filling alerts on e-portal for foreign assets and income discloser
CBDT plans to expand foreign asset disclosure measures, including lower value accounts and pre-filling alerts on its e-portal.