Section 510 of the Income-tax Act, 2025 corresponds to s. 285 BB of the Income-tax Act, 1961. STATUTORY ARCHITECTURE The prescribed income-tax authority must upload an annual information statement, with information in the possession of an income-tax authority, to the assessee's registered e-filing account.
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ITA 2025 · Section 510
Section 510 — ANNUAL INFORMATION STATEMENT
Section 510 of the Income-tax Act, 2025 corresponds to s. 285BB of the Income-tax Act, 1961.
STATUTORY ARCHITECTURE
Section 510(1) requires the prescribed income-tax authority, or the person it authorises, to upload an annual information statement to the assessee's registered account, in the prescribed form and manner, within the prescribed time, with such information in the possession of an income-tax authority as may be prescribed. Section 510(2) defines "registered account" as the electronic filing account registered by the assessee on the designated web portal. The section confers no power to call for information; it corresponds to s.285BB of the 1961 Act, inserted by the Finance Act, 2020, which replaced the Form 26AS statement under the omitted s.203AA.
PRACTITIONER PLANNING NOTES
CROSS-REFERENCES