Short answer: the Foreign Assets Information report sits in your AIS under Compliance Portal > Reports > Foreign Assets Information, one calendar year at a time, as a password-protected PDF. It shows what foreign banks and brokers reported under the Common Reporting Standard (CRS) and the India–US FATCA agreement: the institution, the account number, currency, dividend, interest, gross proceeds, other payments and the year-end account balance. It does not show peak balances, gains or anything a foreign institution did not report. Most mismatches with your return come from timing and definitions rather than errors. Feedback can be submitted once per category, and it does not repair an omission in a return.
If you are here because of the department's email saying "our records indicate that you may have overseas financial interests", what that email means is covered separately. This page is about reading the report itself.
Where it comes from, and what it is for
On 8 July 2026 the Central Board of Direct Taxes (CBDT), which administers income tax in India, issued an order under section 119 of the Income-tax Act, 1961, with a parallel order under section 239 of the Income-tax Act, 2025. The orders direct that information received under the automatic exchange of information (AEOI) framework be uploaded into each taxpayer's Annual Information Statement (AIS). CBDT's note of 17 July 2026 calls the facility one "to facilitate, and not to investigate." It also makes two points that matter more than that phrase:
- The report is not a complete record. Taxpayers must report all foreign assets and income in Schedule FA and Schedule FSI whether or not they appear in the AIS.
- Each calendar year's data arrives from September of the following year. Calendar year 2025 was expected in September or October 2026, so check whether it is in the drop-down before relying on the report for AY 2026-27.
The official user guide adds a third limit. Only records reported with a valid PAN are included. An account at a bank that never recorded your PAN may be missing, and its absence does not reduce what you have to disclose.
Finding it: the exact path
- Log in at incometax.gov.in.
- Open the AIS: e-File > Income Tax Returns > View Annual Information Statement (AIS), or the AIS tab on the home page. This opens the Compliance Portal.
- Click the Reports tab.
- Click Foreign Assets Information.
- Choose the calendar year from the drop-down and click Download PDF.
- Open the PDF with your PAN in lower case followed by your date of birth as DDMMYYYY. For PAN AAAAA1234A and a birth date of 21 January 1991, that is aaaaa1234a21011991.
Nothing is displayed on screen, and Submit Feedback stays disabled until you have downloaded the PDF.
What each field means
The PDF has two parts. Part A is your PAN and name. Part B is calendar-year specific, one block per account:
| Field | What it is | What it is not |
|---|---|---|
| TSN (Transaction Sequence Number) | The unique reference for each record. You need it to give feedback | An account number |
| Country name | The jurisdiction that sent the data | Necessarily where you opened the account online |
| Financial Institution Name | The reporting bank, broker, custodian or insurer | Your employer, even for an employee share plan |
| Bank Account Number | The account as the institution identifies it | Always a bank account. Brokerage and custodial accounts appear here too |
| Currency | The currency the income and payments are reported in | The currency of the balance, which is shown separately |
| Dividend (A) | Total gross dividends paid or credited in the calendar year | Net of foreign tax withheld |
| Interest (B) | Total gross interest in the calendar year | Accrued interest not yet credited |
| Gross Proceeds (C) | Total proceeds from sales or redemptions credited in the calendar year | A gain, and not the taxable amount |
| Any Other Payments (D) | Other amounts paid or credited, such as fund distributions | Salary or RSU vesting income |
| In Indian Rupees (INR) | Columns A to D converted to rupees | Necessarily at the SBI rate Schedule FA uses; the guide does not state the rate |
| Account Balance (in Reported Currency) | The balance at the end of the calendar year, in the reported currency, with a separate line for each currency in a multi-currency account | The peak balance, and not converted to rupees |
CRS and FATCA do not carry the same data. Under CRS, a jurisdiction reports the year-end balance and, for custodial accounts, dividends, interest, other income and gross proceeds. Under Article 2(2)(b) of the India–US FATCA agreement, the United States sends India only the account number, interest on deposit accounts, US-source dividends and other US-source income. It sends no balance and no sale proceeds. So an RSU account with a US broker will typically show dividends and little else. That is a limit of the agreement, not of what you hold.
The balance is the institution's figure. It is the value the institution calculates for its statements to you, and a negative balance is reported as zero. CRS also lets a jurisdiction report an average balance instead, so an occasional figure will match neither your 31 December statement nor your peak.
The calendar-year trap, in both directions
The report and Schedule FA are both calendar-year: for AY 2026-27, Schedule FA covers 1 January to 31 December 2025. The rest of the return runs on the Indian financial year, April to March. That produces two kinds of false mismatch.
Comparing the wrong year. The years loaded so far, calendar years 2022 to 2024, belong to the Schedule FA of AY 2023-24, AY 2024-25 and AY 2025-26. Put the calendar year 2024 report beside the AY 2024-25 return and every figure will be "wrong", because that return's Schedule FA covered calendar year 2023.
Comparing with income schedules. Interest and dividends offered to tax in Schedule OS and claimed in Schedule FSI follow the financial year. The calendar year 2024 dividend figure covers January to March 2024 (financial year 2023-24) and April to December 2024 (financial year 2024-25). It should match your Schedule FA for AY 2025-26, and will almost never match the income reported for either financial year.
Why the balance will not match your Schedule FA
For a foreign bank account (Table A1) and a custodial or brokerage account (Table A2), Schedule FA wants the peak balance during the calendar year and the closing balance; for each shareholding (Table A3), the initial, peak and closing value. Every figure is converted at the State Bank of India telegraphic transfer buying rate on the date of the peak, the date of investment or 31 December, as the case may be.
So compare the report's balance with your closing balance, in the foreign currency, before conversion, not with your peak or your rupee figure. If you do not have peak figures to hand, the worksheet below (the site's Schedule FA peak balance worksheet) takes you through reading the peak off monthly statements.