US stock ESOP non reporting Indians can use one time FAST DS amnesty scheme know rules

Published on 29 April 2026

The one-time scheme may cut both penalties and litigation

A new one-time amnesty scheme, FAST-DS, has been launched for Indian residents and NRIs to address past non-compliance in reporting foreign assets, including US stocks received via ESOPs. The move targets missed or inadvertent disclosures and seeks to reduce penalties and litigation under India’s Black Money Act, offering clearer resolution for taxpayers who previously got it wrong.

FAST-DS is a one-time amnesty for past foreign asset reporting lapses
It covers non-reporting of US stocks and ESOP-related assets
The scheme aims to reduce penalties and limit litigation risk
Designed to help resolve inadvertent errors or missed disclosures

#esop #foreign assets #taxation #amnesty scheme #black money act

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

US stock ESOP non reporting Indians can use one time FAST DS amnesty scheme know rules

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