10-July-2026
Taxation
 
Income tax update: CBDT enables reporting of foreign income in AIS
10-Jul-2026

If you hold a bank account, stocks or any financial assets abroad, the tax department is about to make sure you can't forget them at filing time. In an order dated 8th July 2026, the Central Board of Direct Taxes (CBDT) has authorised the Director General of Income-tax (Systems) to upload information received under the Automatic Exchange of Information (AEOI) framework to taxpayers' Annual Information Statements (AIS), which will now be issued as Form 168 under the Income-tax Act, 2025.

News Source:- https://www.moneycontrol.com/news/business/personal-finance/foreign-income-data-will-now-show-up-in-your-ais-cbdt-13970484.html