Bought Property in UAE? India’s New Tax Scheme Puts Expats on Alert
Indian expats and NRIs who own property in the UAE should review their Indian income tax returns as the December 31, 2026, deadline approaches under the Foreign Assets of Small Taxpayers – Disclosure Scheme (FAST-DS 2026). India’s Income Tax Department has reportedly contacted selected taxpayers regarding potentially undisclosed overseas assets, including residential and commercial properties…