The compliance-focused initiative will provide a one-time, six-month window for resident Indians to voluntarily declare undisclosed foreign assets and income, offering immunity from stringent prosecution under the Black Money Act.
The government plans to launch a new Foreign Disclosure Scheme 2026 from July 1, offering resident Indians a crucial, one-time opportunity. This six-month window allows voluntary declaration of undisclosed foreign assets and income. Critically, participants will receive immunity…
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