Rule 245 requires the Director General of Income-tax (Systems) to upload an annual information statement in Form No. 168 to the assessee's registered account within ninety days from the end of the month the information is received, covering tax deducted, specified financial transactions, taxes paid, demands and refunds, and pending and completed proceedings.
245
Rules 2026 · Rule 245
Annual Information Statement
Rules 201-260
The rule. Under section 510, the Director General of Income-tax (Systems) or a person authorised by him uploads Form No. 168 in the assessee's registered account within ninety days from the end of the month in which the information is received, containing information on tax deducted or collected at source; specified financial transactions; payment of taxes; demand and refund; pending proceedings; completed proceedings; and any other information authorised under sub-rule (2) (sub-rule 1). The Board may authorise the upload of information received from any officer, authority or body under any law, from agreements under section 159, or from any other person, to the extent it deems fit in the interest of revenue (sub-rule 2).