Small taxpayers, big relief: Rules & forms notified for Foreign Asset Disclosure Scheme 2026; what they mean
The scheme provides a one-time opportunity to address specified foreign income and foreign asset reporting gaps. Foreign assets may possibly be overlooked years laterâwhether it is a bank account opened while studying abroad, stocks received by domestic employees under Companyâs Employee Stock Option plans (ESOPs) or Restricted Stock Units (RSUs), savings accumulated during an international…