The Central Board of Direct Taxes (CBDT) will soon allow taxpayers to view foreign asset and income data received from over 100 countries under the Automatic Exchange of Information (AEOI) framework. The details will appear in the Annual Information Statement (AIS) on the Income Tax e-Filing portal.
Foreign Asset Data Now Visible in AIS
Information for calendar years 2022, 2023, and 2024 is already available in the AIS, according to a CBDT source. Data for 2025 will be added in September or October 2026 once received. The move aims to improve taxpayer services and encourage voluntary compliance.
The displayed data reflects only what the CBDT has obtained from partner jurisdictions. It is not exhaustive, and taxpayers must still report all foreign assets and income in their returns, regardless of whether they appear in the AIS.
What Taxpayers Should Know
The information shared under AEOI may include foreign bank accounts, custodial accounts, financial investments, interest, dividends, and other specified income. Taxpayers are advised to verify and disclose all relevant details accurately.
The CBDT has not specified a launch date for the expanded AIS visibility, but the update is expected to roll out in the coming months.
