Chapter XXIII - Miscellaneous
Section 510
Section 510: annual information statement
Section 510 gives statutory backing to the practice of uploading an "annual information statement" - a consolidated summary of information the income-tax authority holds about an assessee - to that assessee's own registered e-filing account.
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This article is for general information. Refer to the Income-tax Act, 2025 as amended by the Finance Act, 2026 and the Taxation and Other Laws (Amendment) Act, 2026 for the official provisions. If you need professional advice for your situation, contact Bizeneed.
Statutory text
Bare law
(1) The prescribed income-tax authority or the person authorised by such authority, shall upload in the registered account of the assessee an annual information statement in such form and manner, within such time and along with such information, which is in the possession of an income-tax authority, as may be prescribed.
(2) In sub-section (1), “registered account” means the electronic filing account registered by the assessee in the web portal, as may be designated by the prescribed income-tax authority or the person authorised by such authority.
Introduction
Section 510 concerns the uploading of an annual information statement to the assessee’s registered electronic filing account. It identifies who uploads the statement and what “registered account” means.
The timing, form, manner and information to be included are prescribed separately. The section does not itself make every entry in the statement a final tax assessment.
Key takeaways
Who uploads
The prescribed income-tax authority, or its authorised person, uploads the statement.
Where it appears
The statement is placed in the assessee’s registered electronic filing account on the designated portal.
Details prescribed elsewhere
Form, manner, timing and included information are subject to prescription.
What Section 510 requires
The prescribed income-tax authority, or a person authorised by that authority, must upload in the registered account of the assessee an annual information statement, in such form and manner, within such time, and along with such information which is in the possession of an income-tax authority, as may be prescribed.
Meaning of "registered account"
"Registered account" means the electronic filing account registered by the assessee on the web portal designated by the prescribed income-tax authority or the person authorised by that authority.
Applying Section 510 in practice
What it is. The prescribed authority or authorised person uploads the statement to the assessee's registered e-filing account with information held by the department in the prescribed form, manner and time. It is an information display, not itself an assessment order or a conclusion that every entry is taxable. Checklist: review each entry against books, bank records, withholding statements and return; preserve feedback and correction acknowledgments. Hypothetical: A duplicated reported receipt should be reconciled before return filing, rather than counted twice because it appears in the statement.
Step-by-step flow for applying Section 510
- 1
Who uploads the annual information statement?
The prescribed income-tax authority, or a person authorised by it (Section 510(1)).
- 2
Where is it uploaded?
In the assessee's "registered account": the electronic filing account registered by the assessee on the web portal designated by that authority or authorised person (Section 510(2)).
- 3
What does it contain?
Information in the possession of an income-tax authority, as prescribed. The form, manner, time and the information to be included are all left to rules.
- 4
How should the assessee use it?
Read it with your own records when preparing your return. Section 510 only provides for uploading the statement; the income itself is still computed under the other provisions of the Act.
Practical checklist
Do
- Check the registered electronic filing account for the annual statement.
- Compare relevant entries with underlying records when preparing the return.
Avoid
- Do not assume this section alone specifies the statement’s form or upload date.
Illustrative example
Worked example: checking interest shown in the statement
Hypothetical facts (illustration only, not a real taxpayer): Ms. Rao has an e-filing account on the designated web portal. Her own records show savings bank interest of ₹18,500 from Bank A. When she opens her annual information statement she sees ₹18,500 from Bank A and ₹6,000 from a fixed deposit with Bank B that she had forgotten. All amounts are assumed.
Access
The statement is in her registered account, as Section 510(2) defines it.
Compare
Bank A matches her records at ₹18,500. The Bank B entry of ₹6,000 is new to her.
Verify
She checks her Bank B deposit records and confirms the ₹6,000 interest.
Total
Interest to consider in her return = ₹18,500 + ₹6,000 = ₹24,500, subject to the computation rules of the Act.
Outcome
- The statement helped her find ₹6,000 of interest she had missed.
- Section 510 does not itself decide what is taxable; the figures still have to be checked against her own records.
Glossary
- Annual information statement
- The statement of prescribed information held by an income-tax authority and uploaded under section 510.
- Registered account
- The assessee’s registered electronic filing account on the designated web portal, as defined in subsection (2).
Frequently asked questions
Where is the annual information statement made available?
It is uploaded to the assessee's "registered account" - the electronic filing account the assessee has registered on the designated web portal.
Who is responsible for uploading the annual information statement?
The prescribed income-tax authority, or a person authorised by that authority.
Need help applying this provision to your situation?
Talk to our tax team about this sectionLast updated 2026-10-10