Neutral impactEconomy
Foreign asset disclosure scheme 2026: How to calculate market value of different overseas holdings — check rules
Mint 1d ago·17 Aug 2026, 3:55 pm
The Indian government has introduced the Foreign Assets of Small Taxpayers Disclosure Scheme 2026, a voluntary program allowing eligible individuals to declare undisclosed foreign assets and income. The primary goal is to help taxpayers regularize their holdings and avoid future penalties. To participate, investors must accurately determine the market value of these assets at the time of declaration.
The rules for calculating this value vary significantly depending on the asset type. For instance, shares are typically valued based on their fair market price, while bank deposits are valued at their principal amount plus interest. Property valuations often require a professional assessment. Investors must carefully review the specific guidelines for each asset class to ensure compliance and avoid discrepancies.
For investors with overseas holdings, this scheme presents a chance to bring their financial affairs in order. It is crucial to understand the valuation methodology for each specific asset to ensure the declaration is accurate. Investors should consult official government notices or a tax professional to navigate the complex rules and ensure they meet all requirements for the scheme.
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