NEW DELHI, Oct. 26 -- The Income Tax Department has nudged select taxpayers who invested in residential and commercial properties in the United Arab Emirates (UAE) to disclose their overseas assets under a one-time compliance scheme, a senior government official said.

The move comes ahead of the 31 December deadline for the Foreign Assets of Small Taxpayers - Disclosure Scheme, 2026 (FAST-DS), which gives eligible taxpayers an opportunity to disclose specified foreign assets and income that were not reported or taxed appropriately.

The department has also decided to share information about overseas assets with relevant taxpayers, wherever possible, to help them take advantage of the scheme, the official said.

The decision was taken at ...