The Central Board of Direct Taxes (CBDT) has issued Notification No. 114/2026 [F. No. 370142/18/2026-TPL], prescribing the rules and forms for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026.
The notification sets out the prescribed framework and forms to be followed by eligible small taxpayers for disclosure of specified foreign assets under the scheme. The notified rules provide the procedural requirements for making such disclosures and specify the relevant forms for compliance.
The move establishes the formal mechanism for implementation of the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, and provides taxpayers and tax professionals with the prescribed forms and procedural requirements for making disclosures. CASansaar
Notification: No. 114/2026
Issuing Authority: Central Board of Direct Taxes (CBDT)
Subject: Rules and prescribed forms under the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026
Reference: F. No. 370142/18/2026-TPL