The Central Board of Direct Taxes (CBDT) has authorised the Director General of Income-tax (Systems) to upload financial information received from overseas under the Automatic Exchange of Information (AEOI) framework into taxpayers' Annual Information Statement (AIS). This move aims to enhance transparency of foreign financial dealings, encourage voluntary tax compliance, and improve the detection of undeclared foreign assets. Taxpayers are advised to regularly check their AIS for any uploaded foreign financial data and reconcile it with their tax returns.
The Central Board of Direct Taxes (CBDT) has issued an order authorising the Director General of Income-tax (Systems), Delhi, to upload information received under the Automatic Exchange of Information (AEOI) framework into taxpayers' Annual Information Statement (AIS).
The order, issued by the Ministry of Finance, Department of Revenue, is dated 8 July 2026 and has been passed under Section 239 of the Income-tax Act, 2025, read with Rule 245(2) of the Income-tax Rules, 2026.
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FAQ :
The Director General of Income-tax (Systems), Delhi, has been authorised by the CBDT to upload this information.
The AIS is a statement where financial information relevant to taxpayers is compiled, and now it will include data received through international tax information-sharing agreements.
The AEOI framework allows India to receive financial account information from foreign countries under international tax information-sharing agreements.
The information must be uploaded within 90 days from the end of the month in which it is received by the Director General of Income-tax (Systems).
Taxpayers should regularly review their AIS, check for any uploaded foreign financial information, and reconcile it with their income tax returns to prevent future discrepancies.