[Notification No. 73/2022/F. No. 370142/29/2022-TPL (Part-I)]

[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.