CBDT Authorises Upload of AEOI Information in Form 168 AIS

The Central Board of Direct Taxes (CBDT) has issued an important order to improve tax transparency by allowing information received under the Automatic Exchange of Information (AEOI) framework to be reflected in taxpayers' Annual Information Statement (AIS). This move enables taxpayers to view foreign financial information available with the Income-tax Department and reconcile it with their income tax disclosures.

CBDT Order at a Glance

As per CBDT Order F. No. 225/73/2025-ITA-II dated 8 July 2026, issued under Section 239 of the Income-tax Act, 2025 read with Rule 245(2) of the Income-tax Rules, 2026, the Director General of Income-tax (Systems) has been authorised to upload information received under the AEOI framework into the Annual Information Statement (AIS) in Form 168. (Moneycontrol)

The order also authorises the DGIT (Systems) to prescribe the procedures, formats and technical standards for uploading and maintaining such information in the AIS. (TeamLease RegTech)

What is AEOI?

Automatic Exchange of Information (AEOI) is an international information-sharing mechanism through which tax authorities exchange financial account information of taxpayers across participating jurisdictions under global agreements such as the Common Reporting Standard (CRS).

This information may include:

• Foreign bank account details

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• Interest income

• Dividend income

• Financial investments

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• Certain other reportable foreign financial assets and income

The Income-tax Department has been receiving such information from foreign jurisdictions for several years. The latest order makes this information visible to taxpayers through their AIS, enhancing transparency. (The Economic Times)

Timeline for Uploading Information

The CBDT has prescribed that:

• AEOI information must be uploaded within 90 days from the end of the month in which the information is received by the Income-tax Department.

• The DGIT (Systems) will determine the operational procedures, formats and reporting standards for implementation. (TeamLease RegTech)

Why This Matters for Taxpayers

The inclusion of AEOI information in AIS offers several benefits:

• Greater visibility of foreign financial information available with the tax department.

• Easier reconciliation while filing Income Tax Returns (ITRs).

• Early identification of discrepancies between foreign financial information and tax disclosures.

• Improved voluntary compliance and reduced chances of future notices arising from reporting mismatches. (The Economic Times)

What Should Taxpayers Do?

Taxpayers who have overseas financial interests should:

• Review their AIS regularly before filing or revising their ITR.

• Reconcile foreign income and investments with their tax records.

• Ensure appropriate disclosure of foreign assets and foreign-source income wherever applicable under the Income-tax Act.

• Maintain supporting documentation for overseas investments and income.

Accurate reporting helps avoid unnecessary scrutiny and facilitates smoother tax compliance.

Conclusion

The CBDT's latest order represents another step towards greater transparency in tax administration. By making AEOI information available in Form 168 (AIS), taxpayers can verify the information received by the Income-tax Department from foreign jurisdictions and ensure accurate tax reporting. Individuals and businesses with overseas financial assets or income should carefully review their AIS before filing their returns.

For expert guidance on this topic, contact your tax professional today.

Sources: CBDT Order F. No. 225/73/2025-ITA-II dated 08 July 2026 issued under Section 239 of the Income-tax Act, 2025 read with Rule 245(2) of the Income-tax Rules, 2026. (TeamLease RegTech)

EXCERPT: CBDT has authorised uploading AEOI information into AIS Form 168, helping taxpayers reconcile foreign financial information before filing ITR.

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