📄Guide

FAST-DS 2026: Complete Guide & Checklist

Have RSUs, ESOPs or a foreign bank account you never showed in Schedule FA? FAST-DS 2026 lets you clean it up for a flat ₹1 lakh (or 60% if the money was never taxed) and get immunity from Black Money Act penalty and prosecution. The window closes 31 December 2026. This guide covers who qualifies, what it costs, how to file, and a fully worked example, on VSARK & Associates letterhead.

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4-page guide on VSARK & Associates letterhead, updated as on 4 October 2026 with Finance Act 2026 and CBDT Notification 114/2026.

What's inside

What FAST-DS is and who can use it, including NRIs who were resident when the asset was bought
Key dates at a glance: 31 Mar 2026 valuation date, 31 Dec 2026 Form 1 deadline, payment and certificate timelines
Category A vs Category B: 60% of value vs a flat ₹1,00,000, the ₹1 crore and ₹5 crore limits, and why they are cliffs
How to value each asset: foreign bank accounts (total deposits, not balance), RSU/ESOP shares, property, currency conversion
The 4-form filing process (Form 1 to Form 4) and the outer limit on payment
What you get, what you give up, and who cannot use the scheme
Worked example: a Bengaluru engineer with ₹30 lakh of US RSUs saves up to ₹29 lakh vs penalty exposure
Documents checklist, 7 common mistakes to avoid, and quick FAQs (₹20 lakh threshold, ITR-U, FEMA)

Who it's for

Salaried employees with RSUs/ESOPs/ESPPs from a foreign employer, returning NRIs, and anyone holding a foreign bank account, shares or property that was missed in Schedule FA.

Why it matters

Missing Schedule FA can mean a ₹10 lakh penalty per year under the Black Money Act, plus prosecution risk. FAST-DS closes it for ₹1 lakh, but only until 31 Dec 2026, and foreign bank statements take weeks to collect.

FAST-DS 2026: Complete Guide & Checklist

What's inside

Who it's for

Why it matters

How It Works

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