Foreign bank balance may be small, but its value could be much higher: How FAST-DS 2026 values your foreign assets

A foreign bank account with a small closing balance may have a much higher value under FAST-DS 2026. This article explains how different types of foreign assets are valued, what happens when proceeds from an old foreign asset are invested in a new asset and why valuation matters for the Rs 1 crore limit for undisclosed foreign income/assets and the Rs 5 crore limit for specified cases of technical non-reporting of foreign assets.

from Tax-Wealth-Economic Times https://ift.tt/wvItBbP