The Indian Central Board of Direct Taxes (CBDT) has notified the Foreign Assets of Small Taxpayers – Disclosure Scheme Rules, 2026, which provide the procedural and valuation rules for the Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS). The one-time voluntary disclosure scheme was introduced by Chapter IV, sections 130 to 144 of the Finance Act, 2026 and comes into force on 16 August 2026. Declarations may be filed electronically from that date through 31 December 2026…