FAST-DS 2026: ₹10 Lakh Penalty से बचें! Foreign Asset & Income अभी Report करें | Income Tax
FinTaxPro
6,236 views
👨🏻💻Combo Courses
👉GST ITR TDS & TCS https://fintaxpro.in/Combo
👉Ultra Combo https://fintaxpro.in/All
👨🏻💻Solo Courses
👉GST https://fintaxpro.in/GST
👉ITR https://fintaxpro.in/ITR
👉TDS & TCS https://fintaxpro.in/TDS
👉Share Market Tax https://fintaxpro.in/sm
👉Tax Audit https://fintaxpro.in/ta
👉Accounting https://fintaxpro.in/Accounting
👉ROC eFiling https://fintaxpro.in/roc
👉Trademark https://fintaxpro.in/TM
👉Excel https://fintaxpro.in/Excel
👉Bst & PnL https://fintaxpro.in/bs
👉Project Report & CMA Data https://fintaxpro.in/cma
👉PF & ESI Filing https://fintaxpro.in/courses/pf/
For Course query call us at 7827521794
📞For consultancy & Services call us at 7048930220 or 8851979585
FAST-DS 2026: ₹10 Lakh Penalty से बचें! Foreign Asset & Income अभी Report करें | Income Tax
*FAST-DS 2026 Explained | Foreign Asset & Foreign Income Disclosure Scheme*
Have you ever held a *Foreign Bank Account, Foreign Shares, RSUs, ESOPs, Foreign Property or other Foreign Assets* but failed to properly report them in your Income Tax Return?
The new *FAST-DS 2026 (Foreign Assets of Small Taxpayers – Disclosure Scheme)* provides an opportunity for eligible taxpayers to disclose specified foreign assets and income subject to the conditions of the scheme.
In this video, we explain *FAST-DS 2026* in simple and practical language, including:
✅ What is FAST-DS 2026?
✅ Who is eligible for FAST-DS 2026?
✅ What type of Foreign Assets & Foreign Income can be disclosed?
✅ Foreign Bank Account not reported in ITR – What to do?
✅ Foreign Shares / RSUs / ESOPs not reported in Schedule FA
✅ Foreign Property disclosure
✅ How to deal with old Foreign Assets
✅ Schedule FA reporting requirements
✅ Tax, Fee & other implications under FAST-DS 2026
✅ Penalty implications for undisclosed Foreign Assets
✅ Who cannot take benefit of FAST-DS 2026?
✅ FAST-DS 2026 disclosure process
✅ Important deadline – *31 December 2026*
✅ Practical examples of Foreign Asset & Foreign Income disclosure
If you are an **NRI, returning NRI, resident taxpayer, investor in foreign shares, ESOP/RSU holder, or someone holding a foreign bank account**, this video can help you understand whether FAST-DS 2026 may be relevant to you.
⚠️ *Important:* Foreign assets and foreign income can have separate reporting and tax implications under the Income-tax Act and Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act. Eligibility and relief under FAST-DS 2026 are subject to the specific conditions of the scheme.
📌 Watch the complete video before taking any action and consult a qualified tax professional for your specific facts.
*Topics Covered:*
FAST DS 2026 | FAST-DS Scheme | Foreign Asset Disclosure | Foreign Income Disclosure | Schedule FA | Foreign Bank Account | Foreign Shares | RSU | ESOP | Foreign Property | Black Money Act | ITR Filing | Income Tax 2026
#FASTDS2026 #ForeignAsset #ForeignIncome #IncomeTax #ScheduleFA #IncomeTaxIndia #ForeignBankAccount #BlackMoneyAct #ITR2026 #TaxUpdate
Foreign Income Disclosure
Foreign Asset ITR
Foreign Assets Income Tax
Foreign Bank Account ITR
Schedule FA
Foreign Asset Reporting
Income Tax Foreign Asset
Foreign Asset Penalty
₹10 Lakh Penalty Income Tax
Black Money Act Foreign Asset
Undisclosed Foreign Asset
Foreign Asset Amnesty Scheme 2026
FAST DS 2026 eligibility
FAST DS 2026 rules
FAST DS 2026 FAQs
FAST DS 2026 deadline
FAST DS 2026 last date
FAST DS 2026 how to apply
FAST DS 2026 foreign asset disclosure
FAST DS 2026 foreign income disclosure
foreign assets not reported in ITR
foreign bank account not reported in ITR
RSU not reported in Schedule FA
ESOP foreign asset disclosure
foreign shares not disclosed in ITR
old foreign asset disclosure in India
FAST DS 2026, FAST-DS 2026, FAST DS Scheme 2026, FAST DS 2026 Income Tax, FAST DS 2026 Explained, FAST DS 2026 Foreign Assets, FAST DS 2026 Foreign Income, Foreign Assets of Small Taxpayers, Foreign Asset Disclosure Scheme 2026, Foreign Income Disclosure Scheme 2026, Foreign Asset Disclosure India, Foreign Assets Income Tax 2026, Foreign Asset ITR, Foreign Asset Reporting, Schedule FA,
👉Email - info@fintaxpro.in
👉Website - https://fintaxpro.in
👉Mobile App - https://bit.ly/3WJ63tX
👉Telegram channel - https://t.me/fintaxpro
👉Social Media - https://linktr.ee/fintaxpro
🔗Buy DSC - https://fintaxpro.in/dsc/
🔗 Buy Excel GST computation sheet https://imojo.in/jy67ZG
🔗Buy TDS Calculator https://imojo.in/5Jv0gj
🔗FinTaxPro Tax Newsletter - https://fintaxpro.in/newsletter/
⚠ Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos.
©️Fintaxpro Advisory LLP
20 Comments
What about someone who invested in foreign equities in the past, using disclosed income, and received foreign income in the form of capital gains and dividends?
If he failed to report these assets and this income on Schedule FA, should he fall under both categories: undisclosed income(30% + 30% tax) and undisclosed assets(1 lakh Fee) as well?
If the equities were already sold before 2024, will it become a clear case of undisclosed income only(30% + 30% tax)?
From FY 2024, I started disclosing everything in ITR-2. My AIS shows income of ₹87 for CY 2022 and ₹166 for CY 2023.
Do I need to file FAST DS 2026, or take any additional steps for the years before FY 2024?
Jiska total ji 5lkh h wo 1lkh kha se dega....
Sir, agar kisi person ne 2020 se 26 tak total us stock me investment 1.5lkh ki or aaj uski value 3.5lkh ho gyi h......
Kya category A and B me aane k baad us insaan k pass kuch Bach jayega.....
1lkh rupye me to wo pura ujad jayega... Ese logo ka kya hoga
Jiske pass crores h uska kaam to chal jayega par gareeb aadmi ka kya hoga....
FAST-DS 2026: ₹10 Lakh Penalty से बचें! Foreign Asset & Income अभी Report करें | Income Tax
FinTaxPro
6,236 views
👨🏻💻Combo Courses
👉GST ITR TDS & TCS https://fintaxpro.in/Combo
👉Ultra Combo https://fintaxpro.in/All
👨🏻💻Solo Courses
👉GST https://fintaxpro.in/GST
👉ITR https://fintaxpro.in/ITR
👉TDS & TCS https://fintaxpro.in/TDS
👉Share Market Tax https://fintaxpro.in/sm
👉Tax Audit https://fintaxpro.in/ta
👉Accounting https://fintaxpro.in/Accounting
👉ROC eFiling https://fintaxpro.in/roc
👉Trademark https://fintaxpro.in/TM
👉Excel https://fintaxpro.in/Excel
👉Bst & PnL https://fintaxpro.in/bs
👉Project Report & CMA Data https://fintaxpro.in/cma
👉PF & ESI Filing https://fintaxpro.in/courses/pf/
For Course query call us at 7827521794
📞For consultancy & Services call us at 7048930220 or 8851979585
FAST-DS 2026: ₹10 Lakh Penalty से बचें! Foreign Asset & Income अभी Report करें | Income Tax
*FAST-DS 2026 Explained | Foreign Asset & Foreign Income Disclosure Scheme*
Have you ever held a *Foreign Bank Account, Foreign Shares, RSUs, ESOPs, Foreign Property or other Foreign Assets* but failed to properly report them in your Income Tax Return?
The new *FAST-DS 2026 (Foreign Assets of Small Taxpayers – Disclosure Scheme)* provides an opportunity for eligible taxpayers to disclose specified foreign assets and income subject to the conditions of the scheme.
In this video, we explain *FAST-DS 2026* in simple and practical language, including:
✅ What is FAST-DS 2026?
✅ Who is eligible for FAST-DS 2026?
✅ What type of Foreign Assets & Foreign Income can be disclosed?
✅ Foreign Bank Account not reported in ITR – What to do?
✅ Foreign Shares / RSUs / ESOPs not reported in Schedule FA
✅ Foreign Property disclosure
✅ How to deal with old Foreign Assets
✅ Schedule FA reporting requirements
✅ Tax, Fee & other implications under FAST-DS 2026
✅ Penalty implications for undisclosed Foreign Assets
✅ Who cannot take benefit of FAST-DS 2026?
✅ FAST-DS 2026 disclosure process
✅ Important deadline – *31 December 2026*
✅ Practical examples of Foreign Asset & Foreign Income disclosure
If you are an **NRI, returning NRI, resident taxpayer, investor in foreign shares, ESOP/RSU holder, or someone holding a foreign bank account**, this video can help you understand whether FAST-DS 2026 may be relevant to you.
⚠️ *Important:* Foreign assets and foreign income can have separate reporting and tax implications under the Income-tax Act and Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act. Eligibility and relief under FAST-DS 2026 are subject to the specific conditions of the scheme.
📌 Watch the complete video before taking any action and consult a qualified tax professional for your specific facts.
*Topics Covered:*
FAST DS 2026 | FAST-DS Scheme | Foreign Asset Disclosure | Foreign Income Disclosure | Schedule FA | Foreign Bank Account | Foreign Shares | RSU | ESOP | Foreign Property | Black Money Act | ITR Filing | Income Tax 2026
#FASTDS2026 #ForeignAsset #ForeignIncome #IncomeTax #ScheduleFA #IncomeTaxIndia #ForeignBankAccount #BlackMoneyAct #ITR2026 #TaxUpdate
Foreign Income Disclosure
Foreign Asset ITR
Foreign Assets Income Tax
Foreign Bank Account ITR
Schedule FA
Foreign Asset Reporting
Income Tax Foreign Asset
Foreign Asset Penalty
₹10 Lakh Penalty Income Tax
Black Money Act Foreign Asset
Undisclosed Foreign Asset
Foreign Asset Amnesty Scheme 2026
FAST DS 2026 eligibility
FAST DS 2026 rules
FAST DS 2026 FAQs
FAST DS 2026 deadline
FAST DS 2026 last date
FAST DS 2026 how to apply
FAST DS 2026 foreign asset disclosure
FAST DS 2026 foreign income disclosure
foreign assets not reported in ITR
foreign bank account not reported in ITR
RSU not reported in Schedule FA
ESOP foreign asset disclosure
foreign shares not disclosed in ITR
old foreign asset disclosure in India
FAST DS 2026, FAST-DS 2026, FAST DS Scheme 2026, FAST DS 2026 Income Tax, FAST DS 2026 Explained, FAST DS 2026 Foreign Assets, FAST DS 2026 Foreign Income, Foreign Assets of Small Taxpayers, Foreign Asset Disclosure Scheme 2026, Foreign Income Disclosure Scheme 2026, Foreign Asset Disclosure India, Foreign Assets Income Tax 2026, Foreign Asset ITR, Foreign Asset Reporting, Schedule FA,
👉Email - info@fintaxpro.in
👉Website - https://fintaxpro.in
👉Mobile App - https://bit.ly/3WJ63tX
👉Telegram channel - https://t.me/fintaxpro
👉Social Media - https://linktr.ee/fintaxpro
🔗Buy DSC - https://fintaxpro.in/dsc/
🔗 Buy Excel GST computation sheet https://imojo.in/jy67ZG
🔗Buy TDS Calculator https://imojo.in/5Jv0gj
🔗FinTaxPro Tax Newsletter - https://fintaxpro.in/newsletter/
⚠ Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos.
©️Fintaxpro Advisory LLP