Information return obligation compels designated authorities and entities to furnish specified transaction records; defects may render returns as not furnished.

Obligation to furnish information return requires specified persons and authorities who maintain records of registrations, accounts, periodic returns, tax payments, transactional details, bank account activity, electricity consumption, or property transactions to submit those records in the prescribed form, manner and to the prescribed authority. The Commissioner or an authorised officer may intimate defects and allow time for rectification; if defects are not remedied the return is treated as not furnished and the authority may serve a notice requiring furnishing within a further specified period.

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