Deadline 31 December 2026. Valuations and bank statements take time. Start now.WhatsApp usFree 15-min callHow we file
Who we help
- Employees of foreign companies with RSUs, ESPP or ESOP shares at E*Trade, Morgan Stanley, Fidelity, Schwab or similar, never reported in Schedule FA.
- Returning NRIs with bank accounts, pensions or investments from their years abroad.
- Former students with an account left open in the US, UK, Canada or Australia.
- Families with foreign property, insurance or deposits that were never reported.
- Current NRIs who were resident in India when the asset was acquired or the income arose.
What we do
- Review: list every foreign account, security, RSU, policy and property, and check which ones actually need FAST-DS. Some do not: for example where only the ₹20 lakh Schedule FA threshold matters.
- Classify: decide between Category 1 (60%) and Category 2 (₹1 lakh) for each item, and check the ₹1 crore and ₹5 crore limits.
- Value: compute the value as on 31 March 2026 under the scheme rules, including the sum-of-deposits rule for bank accounts and RBI reference rates.
- File Form 1 on the e-filing portal, with the supporting evidence.
- Check Form 2 (the order of the amount payable), make the payment through challan ITNS 289 with you, and file Form 3 within the deadline.
- Follow through to Form 4 (the payment certificate), and set up correct Schedule FA reporting in your future returns.
Documents we need
- PAN and e-filing login, and your Indian returns for the years concerned.
- Bank statements for each foreign account from opening to 31 March 2026.
- Brokerage statements and vesting or purchase records for shares, RSUs and ESPP.
- Purchase documents for property and policy documents for insurance or pensions.
- Your travel dates for the relevant years, to confirm residential status.
Timeline
| Step | When |
|---|---|
| Review, valuation and Form 1 | Before 31 December 2026 (no declaration after that date) |
| Form 2 (amount payable) | Issued by the department after you file |
| Payment and Form 3 | Within 2 months from the end of the month Form 2 is received; up to 2 more months with 1% a month interest, after which the declaration is void |
| Form 4 (certificate) | Issued after the payment is verified |
Fees are fixed upfront after a short review of your holdings. Not sure if you need it? Try the FAST-DS calculator or read the complete FAST-DS guide.
Frequently asked questions
Can you file FAST-DS for me?
Yes. We review your foreign assets, value them as on 31 March 2026, choose the right category, file Form 1, help you pay the amount in Form 2 through challan ITNS 289, file Form 3 and follow through to the Form 4 certificate.
What is the last date for FAST-DS?
31 December 2026. No declaration can be filed after that date, so leave time to collect statements and complete the valuation.
How much does FAST-DS cost?
The scheme amount is 60% of the value for undisclosed assets or income up to ₹1 crore (Category 1), or a flat ₹1 lakh where the asset came from taxed income or was acquired while non-resident and was only missing from Schedule FA, up to ₹5 crore (Category 2). Our professional fee is fixed after a short review.
Do I need FAST-DS if my foreign assets are small?
Not always. Since 1 October 2024 the ₹10 lakh Schedule FA penalty does not apply where foreign assets other than immovable property total ₹20 lakh or less, although you must still report them. We check whether FAST-DS is worth it for you before filing.
Can an NRI file FAST-DS?
Yes, if you were resident in India in the year the foreign asset was acquired or the foreign income arose, even if you are a non-resident today.