HYDERABAD, NOVEMBER 05, 2026: The Income Tax Department, Telangana & Andhra Pradesh, today organised an interactive Outreach & Awareness Programme on FAST-DS 2026 (Foreign Assets of Small Taxpayers Disclosure Scheme), 2026 at I-T Towers, A.C. Guards, Hyderabad.
The session was specially organised for Employers, Tax Professionals and Tax Associations to create awareness about the one-time opportunity to disclose eligible foreign income and assets.
The meeting was addressed by senior officers of the Department:
- Shri Shiva Sewak, CIT (TDS)
- Shri Sankarpandi, Addl. CIT (Tech)
- Shri A. Bhargava Sekhar, DCIT (TDS), Circle-1(1)
- Shri Shubham Singh, DCIT, Circle-2(1)
- Shri Rajiv Ramesh Meshram, DCIT (Technical)
Representatives from The Telangana & Andhra Pradesh Tax Bar Association:
Shri A.P. Dahima, ITP, President, CA P.V. Narayana Rao, Secretary, CA Pankaj Sancheti, Treasurer, actively participated and shared the practical difficulties faced by professionals and small taxpayers.
Corporate Stakeholders:
Senior Managers and Vice Presidents from leading corporates including Dr. Reddy’s Laboratories, Virtusa, Microsoft, Deloitte, BA Continuum, Coforge, NTT Data, Mylan Laboratories and many other prominent organizations participated enthusiastically.
The officers explained in a very simple, humane and empathetic manner:
– Eligibility and coverage under FAST-DS
– Electronic disclosure process
– Payments, timelines and available immunities
The interactive session helped clear several doubts of employers who deal with employees having ESOPs, RSUs and foreign bank accounts. The Department assured that the scheme is a trust-based, facilitative measure to help honest small taxpayers come clean without fear of penal consequences.
The Tax Bar Association and Corporate representatives expressed heartfelt gratitude to the Department for its open, supportive and humane approach.
Scheme Application Deadline: 31st December 2026
All eligible taxpayers are requested to avail this one-time opportunity.
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