Crypto-asset reporting obligation requires reporting entities to furnish transaction information and correct discovered inaccuracies to tax authorities. Obligation to furnish information on transactions in crypto-asset requires prescribed reporting entities to submit transaction statements to the prescribed income-tax authority in the prescribed form, manner and time; the authority may require rectification of defective statements or issue notices for late filing, and filers must report and correct discovered inaccuracies. The Central Government may prescribe registration, records maintenance, and due diligence for identification of crypto-asset users or owners. 'Crypto-asset' is defined in the statute.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Crypto-asset reporting obligation requires reporting entities to furnish transaction information and correct discovered inaccuracies to tax authorities.
Obligation to furnish information on transactions in crypto-asset requires prescribed reporting entities to submit transaction statements to the prescribed income-tax authority in the prescribed form, manner and time; the authority may require rectification of defective statements or issue notices for late filing, and filers must report and correct discovered inaccuracies. The Central Government may prescribe registration, records maintenance, and due diligence for identification of crypto-asset users or owners. "Crypto-asset" is defined in the statute.
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