Obligation to furnish information return requires specified entities to provide prescribed information returns within prescribed timeframes.

Obligation to furnish information return requires specified persons and authorities to submit prescribed information returns containing registration, account, tax payment and transaction details in the form, manner, to the authority and for the periods prescribed. The Commissioner or an authorised officer may intimate defects and allow rectification within a prescribed period; unrectified defects render the return treated as not furnished and the Act's provisions apply. If an information return is not furnished, the competent authority may serve a notice requiring submission within a further prescribed period, compelling the person to furnish the return.

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