Crypto-asset reporting obligations require reporting entities to furnish transaction information, with rectification, notice and due diligence safeguards. Prescribed reporting entities must submit transaction-level information on crypto-assets to the prescribed income-tax authority in the specified form and manner; defective or late statements may be called for rectification or treated as inaccurate, and the authority may issue notices requiring submission. Filers who discover inaccuracies must promptly notify the authority and furnish corrected information. The Central Government may, by rules, require registration of specified persons, prescribe information maintenance standards, and mandate due diligence for identifying crypto-asset users and owners.