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[Notification No. 111/2022/F. No. 370142/32/2022-TPL] [Notification No. 49/2022/F.No.370142/6/2022-TPL]

[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3
सय यापन
मैं ….. की क्ष मता में तारीख……….. कर यै सय याजपत करता ं ं की उपररत त िी गई सूचना सैी और पूणड ै ।
स्ट् थान………….. ‍ यजत त के ैस्ट् ताक्ष र
तारीख……………. नाम और पिाजभधान ।”
[अजधसूचना सं. 73/2022/फा. सं. 370142/29/2022-तीपीएल(भाग-1 ]
अंदकत ि न, अिर सजचि
ठतप् पण : मूल जनयम भारत के रािपत्र, असाधारण, भाग-II, खण्ड-3, उपखण्ड (ii) में अजधसूचना संय याक का.आ.
969(अ , तारीख 26 माचड, 1962 द्वारा प्रकाजित दकए गए थे और अजधसूचना संय याक सा.का.जन. 463(अ)
तारीख 21.06.2022 द्वारा अंजतम संिरधन दकया गया ै ।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
INCOME-TAX


New Delhi, the 30th June, 2022

G.S.R. 482(E).—In exercise of the powers 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 1
    st day of July, 2022.
  2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 31A, ––
    (i) after sub-rule (1), the following shall be inserted, namely:-
    “Provided that where the exchange has, in accordance with the guidelines issued under sub-section (6) of
    section 194S, agreed to pay tax in relation to a transaction of transfer of a virtual digital asset, owned by it
    as an alternative to tax required to be deducted by the buyer of such asset under section 194S, the
    Exchange shall deliver or cause to be delivered, a quarterly statement of such transactions in Form No.
    26QF to the Principal Director General of Income-tax (Systems) or Director General of Income-tax
    (Systems) or the person authorized by the Principal Director General of Income-tax (Systems) or the
    Director General of Income-tax (Systems).
    Explanation: For the purposes of this sub-rule,––
    (i) “Exchange” means a person that operates an application or platform for transferring 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 sub-rule (4D), the following sub-rule shall be inserted, namely,––
    “(4E) The exchange referred to sub-rule (1) shall, at the time of preparing of quarterly statement in Form
    No. 26QF, furnish particulars of account paid or credited on which tax was not deducted in accordance
    with guidelines issued under sub-section (6) of section 194S.”.
    4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
  3. In the principal rules, in Appendix II, after Form No. 26QE, the following Form shall be inserted,
    namely:–
    “Form No. 26QF
    Quarterly statement of tax deposited in relation to transfer of virtual digital asset under
    section 194S to be furnished by an exchange for the quarter ending ………. June/
    September/ December/ March
    [section 194S, rule 31A(1) and (4E)]
  4. Name of the Exchange :
  5. Address of the Exchange :
  6. PAN :
  7. Financial year :
  8. Details of transactions :
    (A) Details of tax pain 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
    transaction
    Value of
    VDA bought
    by
    buyer/broker
    No. of
    VDA
    bought
    by
    buyer/
    broker
    Total
    consideration
    1% of total
    consideration
    Reflected
    in tax
    payment
    made on
    (date of
    tax
    payment )
    Challan details
    BSR
    code
    of
    bank
    branch
    Amount
    paid (in
    Rs.)
    Challan
    serial
    number
    1.
    2.
    3.
    (B) Details of transactions on which tax was not deducted in accordance with the guidelines
    issues under sub-section (6) of section 194S
    S.
    No.
    Name of
    broker
    Address of
    broker
    PAN of
    broker
    TAN of
    broker
    Date of
    transaction
    Value of VDA
    bought by
    buyer
    No. of VDA
    bought by
    buyer
    Total consideration
    paid/ credited
    1.
    2.
    3.
    Verification
    I ……………………, in my capacity as ………………………… of ………………………… do
    hereby certify that the information produced above is correct and complete.
    Place: …………………………. Signature of the person
    Date: ………………………… Name and designation.”.
    [Notification No. 73/2022/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, Subsection (ii) vide notification number S.O. 969 (E), dated the 26th March, 1962 and was last
    amended vide notification number G.S.R. 463(E) dated 21.06.2022.

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