New Delhi, Sept. 14 -- The Foreign Assets of Small Taxpayers - Disclosure Scheme, 2026 (FAST-DS) is a one-time voluntary disclosure scheme that allows eligible taxpayers to disclose certain undisclosed foreign assets, foreign income or undeclared foreign assets by paying the specified tax or fee. The scheme came into force on 16 August 2026.

But can taxpayers use it to disclose unreported overseas crypto? Here's what an expert has to say on this.

Yes.

Isha Sekhri, Founder, Isha Sekhri & Associates LLP, explained that an "undisclosed asset located outside India" broadly covers an asset held by the assessee in their own name or as a beneficial owner where its source is unexplained or not satisfactorily explained. A virtual digital asset ...