India plans to roll out a foreign disclosure scheme in 2026 starting July 1, according to NDTV. The programme is designed as a compliance window for resident Indians who hold undisclosed foreign assets and/or have undisclosed foreign income. Under the proposed structure, eligible individuals get a one-time opportunity lasting six months to voluntarily declare such assets and income to the authorities. In return, the scheme provides immunity from stringent prosecution linked to the Black Money Act, subject to the scheme’s conditions and declarations being made within the stipulated timeframe. NDTV characterises the initiative primarily as a voluntary compliance mechanism rather than a regular reporting requirement, with the intent of bringing previously undisclosed holdings into the formal tax and regulatory framework. The reporting focuses on the timeline—launching from July 1, 2026—and the duration of the voluntary declaration period, which is set at six months, along with the stated legal protection from tougher criminal proceedings under the act referenced.