The Hindu·2 min read·medium
Tax Department will soon let you see the data it has on your foreign assets and income
T
T.C.A. Sharad Raghavan
✦AI Summary
The Central Board of Direct Taxes (CBDT) will soon allow taxpayers to view information regarding their foreign assets and income directly on the Income Tax e-Filing portal. This data, collected via the Automatic Exchange of Information framework, aims to improve transparency and voluntary tax compliance.
The Central Board of Direct Taxes (CBDT) will soon allow taxpayers to see the information the tax department has received from abroad regarding their foreign assets and incomes, sources in the CBDT have said.
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