Information return obligation requires specified persons to furnish prescribed transaction data; defects must be corrected or return treated as not furnished.

Specified persons maintaining records or periodic returns containing registration, account, tax payment, transaction, bank-account, electricity consumption or property transaction details must furnish an information return in the prescribed periods, form, manner and to the prescribed authority. The Commissioner or an authorised officer may require rectification of defects within a prescribed correction period; failure to rectify results in the information return being treated as not furnished and the Act's provisions applying. The authority may also issue a notice requiring submission within a further prescribed period.

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