# CBDT adds foreign asset disclosure to AIS for ITR filers 2026-08-07T23:23:47+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Central Board of Direct Taxes has enabled taxpayers to view foreign asset information in the Annual Information Statement on the income-tax e-Filing portal. The data, received from over 100 jurisdictions under the Automatic Exchange of Information framework, includes bank accounts, custodial accounts, and foreign income. CBDT has clarified that the AIS display is only for facilitation and does not relieve taxpayers from reporting all foreign assets and income under the Income-tax Act. Taxpayers can access the information under the 'Foreign Assets Information' section in the AIS 'Reports' tab. Data for calendar years 2022 to 2024 will be uploaded within 90 days of the CBDT order. The tax department warns that non-disclosure may invite penalties up to Rs 10 lakh under the Black Money Act, besides prosecution in serious cases. Taxpayers are advised to rely on their own records while filing returns. ## Coverage - businesstoday.in Tags: AIS, Black Money Act, CBDT, foreign assets, ITR, tax compliance Canonical: https://indianopinion.org/cbdt-adds-foreign-asset-disclosure-to-ais-for-itr-filers/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/cbdt-adds-foreign-asset-disclosure-to-ais-for-itr-filers/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.