HNIs & Global Indians – Foreign Assets of Small Taxpayers Disclosure Scheme 2026
Budget 2026 introduces the “Foreign Assets of Small Taxpayers Disclosure Scheme, 2026” to allow small taxpayers to voluntarily declare certain undisclosed foreign income and assets with limited immunity under the Black Money Act. For HNIs, returning NRIs and globally mobile families in Delhi NCR, this scheme can be an important risk‑management tool. Why a Foreign…