Taxpayers can now download foreign asset data from 2022 onward via the new FAI report on the Income Tax portal. Password-protected PDFs require PAN and DOB.
The Income Tax Department has launched a Foreign Assets Information (FAI) report on its compliance portal, giving eligible taxpayers access to details of their foreign financial accounts reported by overseas jurisdictions. The facility sits under the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026.
India receives financial account information from multiple foreign nations under international exchange agreements. Until now, taxpayers could not view that data on the Annual Information Statement (AIS) portal. The FAI report changes that, allowing users to download a password-protected PDF covering calendar years from 2022 onward.
The information is classified as sensitive and governed by Confidentiality and Disclosure Standards, so it does not appear directly on the portal. Only a downloadable PDF is available. To access it, taxpayers log in to the e-filing portal, navigate to the AIS section, open the Reports tab, select “Foreign Assets Information,” choose the relevant year, and download the PDF. The password is the user’s PAN in lowercase followed by date of birth in DDMMYYYY format.
If the reported data is incorrect, taxpayers can submit feedback through the same portal after downloading the PDF. The feedback form requires the taxpayer’s TSN (Taxpayer Service Number), a feedback type, the relevant field, and remarks of up to 400 characters.
The launch increases transparency for taxpayers with foreign holdings but also raises compliance risk for those who may have underreported overseas assets. The department has not yet announced a specific deadline for corrections under the FAST-DS scheme.
Disclaimer: This article is for informational purposes only. Readers should consult a qualified tax professional for the latest rules.
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