FAST-DS 2026 Is Open: Form 1 by 31 December, Valuation Frozen at 31 March 2026, and the Bank-Account Rule That Changes the Arithmetic
The Foreign Assets of Small Taxpayers Disclosure Scheme went live on 16 August 2026 and Form 1 closes on 31 December. What the Rules and the CBDT FAQs actually say about valuation, the four-form payment clock, and why a foreign bank account is valued on deposits, not on balance.
Deep Jasani
@deepjasani17
I write on the income-tax beat here — ITR form selection and filing mechanics, the old-versus-new regime comparison, capital gains, the Section 87A rebate, TDS credit mismatches, and the interest that runs under Sections 234A, 234B and 234C. I work from the bare Act text and CBDT circulars rather than secondary commentary, and I put worked examples in using the numbers you actually see on the Income-tax Department portal. I'm writing for people filing their own return as much as for practitioners with a desk full of them.
