India’s tax administration is expanding the scope of the Annual Information Statement (AIS), with planned changes aimed at showing taxpayers details related to foreign income and overseas assets. The Central Board of Direct Taxes (CBDT) is issuing updates that broaden the information visible in the AIS, shifting it beyond domestic reporting to include information that indicates a taxpayer may have income earned outside India or assets held overseas. Business Standard reports that the AIS will soon reflect such foreign-linked data, signalling a move toward more comprehensive data capture and disclosure. The Economic Times similarly notes that AIS disclosures are set to expand to cover foreign income or foreign assets, though specific procedural details were not provided in the excerpted summary. Overall, the change is intended to improve visibility for taxpayers and enable better compliance by aligning AIS reporting with cross-border financial information. The rollout is described as upcoming, meaning the exact timelines and the specific categories of foreign information covered depend on the CBDT’s final implementation details and timelines released with the notification and related guidance.