The Income Tax Department has begun nudging taxpayers who hold residential and commercial properties abroad, including in the UAE, to disclose previously unreported foreign assets and income under. Under the one-time FAST-DS scheme, eligible taxpayers can disclose specified foreign assets by 31 December, with tax and penalty relief for qualifying declarations. Around 1,100 taxpayers have filed applications so far under the scheme that was launched on August 16 and ends on December.