Tax Department will soon let you see the data it has on your foreign assets and income
The Central Board of Direct Taxes (CBDT) will soon allow taxpayers to view information regarding their foreign assets and income directly on the Income Tax e-Filing portal. This data, collected via the Automatic Exchange of Information framework, aims to improve transparency and voluntary tax compliance.
Why it matters
This initiative simplifies tax reporting for individuals with international financial interests and helps the government curb tax evasion by providing taxpayers with a clear view of reported foreign data.
The Central Board of Direct Taxes (CBDT) will soon allow taxpayers to see the information the tax department has received from abroad regarding their foreign assets and incomes, sources in the CBDT have said.
India receives information from more than 100 countries under the Automatic Exchange of Information (AEOI) framework. This information can include details relating to foreign bank accounts, custodial accounts, certain financial investments, interest, dividends and other specified financial income.
“As of now, information, as received, pertaining to calendar years 2022, 2023 and 2024 has been displayed in the Annual Information Statement (AIS) on the Income Tax e-Filing portal,” a source in the CBDT said. “Further, information for 2025 will be displayed in the AIS once it is received in the month of September or October 2026.”
The move is being done to enhance taxpayer services and promote voluntary tax compliance, the official added.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in