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The Central Board of Direct Taxes (CBDT) will quickly enable taxpayers to view data obtained by the tax division from overseas relating to international property and revenue, a CBDT official mentioned.
India receives data from over 100 international locations underneath the Computerized Alternate of Info (AEOI) framework. This data might embody particulars about international financial institution accounts, custodial accounts, sure monetary investments, curiosity, dividends, and sure different monetary revenue.
“As of now, the knowledge obtained for calendar years 2022, 2023 and 2024 is displayed within the Annual Info Assertion (AIS) on the revenue tax e-filing portal,” a CBDT official mentioned. “Moreover, 2025 data will seem on the AIS as quickly as it’s obtained in September or October 2026.”
The transfer is being taken to reinforce taxpayer providers and promote voluntary tax compliance, the official added.
He added that the knowledge printed on the portal solely displays the knowledge obtained by CBDT from associate jurisdictions and isn’t an entire checklist.
“Taxpayers are subsequently required to precisely and fully report all international property and international supply revenue on their revenue tax returns, no matter whether or not such property or revenue are mirrored in AIS,” he mentioned.
