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Penalty provision for non-furnishing of statement or furnishing inaccurate information in a statement on transaction of crypto-assets

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....r>News<br>Dated:- 1-2-2026<br>Union Budget 2026-27 - Finance Bill, 2026 Section 509 of the Act provide for obligation to furnish information on transaction of crypto-asset. As per the said section, p....

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....furnishing of statement and Rs. 50,000 for furnishing inaccurate particulars and failure to correct such inaccuracy is proposed to be levied. 3. Accordingly, it is proposed to amend section 446 of th....

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Penalty provision for non-furnishing of statement or furnishing inaccurate information in a statement on transaction of crypto-assets