<h1>India's tax transparency drive under CRS and AEOI uncovers Rs 29,000 crore in previously hidden foreign assets</h1> India's tax administration is recognised by the OECD Global Forum as fully committed to international tax transparency standards, including the Common Reporting Standard and Automatic Exchange of Information (AEOI) framework. India has implemented a legal and operational framework enabling automatic exchange of financial account data and has used this information through a 'nudge' programme targeting non-disclosure of foreign assets. The campaigns led to over 24,000 taxpayers revising returns and declaring previously undisclosed foreign assets exceeding Rs 29,000 crore and significant additional foreign income. The Global Forum is expanding transparency to new asset classes, including crypto assets, with data exchanges under the Crypto-Asset Reporting Framework expected from 2027.