Quarterly statement of TDS - virtual digital asset (VDA) - Income-tax (20th Amendment) Rules, 2022 - Amends Rule 31A and inserts Form 26QE

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....owers conferred by section 295 read with section 194S of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. Short title and commencement.-- (1) These rules may be called the Income-tax (20th Amendment) Rules, 2022. (2) They shall come into force from 1st day of July, 2022. 2. In ....

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.... of Income-tax (Systems). Explanation: For the purposes of this sub-rule,-- (i) "Exchange" means a person that operates an application or platform for 2[transfer] of virtual digital assets, which matches buy and sell trades and execute the same on their application or platform; (ii) "virtual digital asset" shall have same meaning as assigned to it in clause (47A) of section 2." (ii) after s....

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....: 4. Financial year : 5. Details of transactions : (A) Details of tax 5[paid] with respect of transactions referred to in proviso to sub-rule (1) of rule 31A: S. No. Name of buyer/ broker Address of buyer/ broker PAN of buyer/ broker Date of trans-action Value of VDA bought by buyer/ broker No. of VDA bought by buyer/ broker Total consi-deration 1% of ....

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....7[furnished] above is correct and complete. Place: ............................... Date: .............................. Signature of the person Name and designation.". [F. No. 370142/29/2022-TPL (Part-I)] ANKIT JAIN, Under Secy. Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O. 969 (E), date....