Archive · 25 Jul 2026
Income Tax Dept Launches Foreign Assets Report
The income tax department has added a new feature to the e-filing portal that lets Indian taxpayers, including NRIs and international students, see their foreign asset information.
This includes things like bank accounts, investments, and other financial income from abroad.
The government wants people to know about this information because they will soon start a scheme called FAST-DS 2026, which will let people declare any foreign assets they haven't told the government about yet.
Taxpayers can check their foreign asset information, give feedback, and see how it affects their records.
The government also gets this information from other countries to make sure everyone is following the rules.
The income tax department has launched a new feature on the e-filing portal for taxpayers to access their foreign asset information.
This feature helps taxpayers, including NRIs and international students, comply with Indian income tax laws regarding foreign assets.
The government will soon implement the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026) for declaring undisclosed foreign assets.
Taxpayers can access their foreign asset information through the 'Reports' tab on the Compliance Portal via the e-filing portal.
The government receives financial account information of Indian taxpayers from foreign countries under the international information exchange framework.
- Who
- Indian taxpayers, including NRIs and international students with foreign assets
- What
- Launch of a new feature on the e-filing portal to access foreign asset information
- When
- Currently available; FAST-DS 2026 to be notified in the Official Gazette
- Where
- On the e-filing portal under the 'Reports' tab
- Why
- To promote transparency, voluntary compliance, and to help taxpayers comply with Indian income tax laws
Taxpayer Convenience
Government Transparency
Accessibility
Taxpayer Convenience
Taxpayers can now easily access and review their foreign asset information, making compliance simpler.
Government Transparency
The government ensures taxpayers are aware of their foreign assets, promoting transparency and voluntary compliance.
Feedback Mechanism
Taxpayer Convenience
Taxpayers can provide feedback on their foreign asset information, ensuring accuracy in their records.
Government Transparency
The government uses this feedback to update and verify the information, enhancing the reliability of the data.
- Feature Launched
- Foreign Assets Report on e-filing portal
- Purpose
- To help taxpayers access and review their foreign asset information
- Eligibility
- Indian taxpayers, including NRIs and international students with foreign assets
- FAST-DS 2026
- Upcoming scheme for disclosing undisclosed foreign assets
- Feedback Mechanism
- Taxpayers can provide feedback on their foreign asset information
- Government Access
- Indian government receives financial account information from foreign countries
- Data Period
- From 1st January to 31st December
