CBDT Mandates Upload of Foreign Assets and Income Data in AIS and Form 26AS Under AEOI
The Central Board of Direct Taxes has issued a key order to bring offshore financial data into the regular tax compliance system.
Key Order Details
– Order No.: http://F.No. 225/73/2025-ITA-II
– Date: July 8, 2026
– Issued by: Central Board of Direct Taxes, Government of India
– Authorized Authority: Director General of Income-tax (Systems), Delhi
The CBDT has authorized the DGIT (Systems), Delhi, to upload financial information received from foreign jurisdictions under the Automatic Exchange of Information (AEOI) framework directly into the taxpayer’s Annual Information Statement (AIS) / Form 26AS.
Timelines for Data Upload
– For Calendar Years 2022, 2023, and 2024
Data for the periods 01.01.2022 to 31.12.2022, 01.01.2023 to 31.12.2023, and 01.01.2024 to 31.12.2024 that is already in possession must be uploaded within 90 days from the date of this order.
– For Calendar Year 2025
Data for the period 01.01.2025 to 31.12.2025 must be uploaded within 90 days from the end of the month in which the tax department receives it from the foreign jurisdiction.
Standard Operating Procedure
The Director-General of Income-tax (Systems), Delhi, will issue the detailed procedures, data formats, and technical standards required to integrate this cross-border information into AIS and Form 26AS. This is to ensure smooth reflection and matching of global financial data.
What This Means for Taxpayers
If you hold offshore bank accounts, foreign investments, or assets covered under India’s tax treaties under Sections 90 and 90A, the details will now appear explicitly in your AIS and Form 26AS.
Taxpayers are advised to:
1. Review AIS/26AS carefully once the foreign data is uploaded
2. Ensure all foreign income and assets are accurately disclosed in Income Tax Returns
3. Reconcile discrepancies proactively to avoid compliance actions
Non-disclosure may attract scrutiny and penalties under the Black Money (Undisclosed Foreign Income and Assets) Act and the Income Tax Act.
The copy of the order is as under:
