Crypto-asset reporting compliance triggers daily penalty for late statements and fixed penalty for inaccurate information or due diligence failure. Failure to furnish the prescribed statement of a transaction in crypto-asset within the required time attracts a daily penalty of Rs. 200 for continuing default, imposed by the prescribed income-tax authority. A separate penalty of Rs. 50,000 applies where inaccurate information is furnished and not corrected as required, or where the prescribed due diligence requirement is not complied with. The provision creates a reporting-compliance penalty framework tied to timely filing, accuracy of disclosure, and due diligence.