Business

ITR-U vs FAST-DS — Which option is better for disclosing past foreign income or assets?

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India

ITR-U vs FAST-DS — Which option is better for disclosing past foreign income or assets? — Sources: livemint.com

Indian residents can rectify missed foreign income or asset disclosures through ITR-U or FAST-DS, depending on factors such as the nature of the asset and tax liability. Here's everything you need to know about the two options and which one is more economical. 

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