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Global Business News

The Economic Times

Global Business / The Economic Times

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AIS now includes foreign assets, income data

The Income Tax Department now shows foreign asset details in annual statements. This move aims to improve voluntary tax compliance for eligible taxpayers. Information from over 100 jurisdictions is available through international sharing agreements. Taxpayers must still report all foreign assets and income, even if not listed. Emails and messages are being sent to inform taxpayers about this new facility.

17 Jul 2026 12:25 am