Section 509 — Obligation to furnish information on transaction of crypto-asset: its source in the Income-tax Act, 1961

Section 509 (Obligation to furnish information on transaction of crypto-asset) of the Income-tax Act, 2025 corresponds to Section 285BAA (Obligation to furnish information on transaction of crypto-asset) of the Income-tax Act, 1961 as per the official CBDT correspondence.

source provisions · income-tax act, 1961

Section 285BAA — Obligation to furnish information on transaction of crypto-asset

read both texts · §285BAA (1961) vs §509 (2025)

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Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.

frequently asked

Is Section 509 of the Income-tax Act, 2025 a new provision?

No — it derives from Section 285BAA of the Income-tax Act, 1961.

What does Section 509 of the Income-tax Act, 2025 deal with?

Section 509 — "Obligation to furnish information on transaction of crypto-asset", under CHAPTER XXIII - MISCELLANEOUS of the Income-tax Act, 2025.

— built by nexus

Nexus answers full tax questions the same way — a citation-grounded advisory artifact with verdict, authority chain, computation and drafting, every citation traceable to an official source.

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same chapter · chapter xxiii - miscellaneous · income-tax act, 2025

Section 505 — Submission of statement by a non-resident having liaison office
Section 506 — Furnishing of information or documents by an Indian concern in certain cases
Section 507 — Submission of statements by producers of cinematograph films or persons engaged in specified activity
Section 508 — Obligation to furnish statement of financial transaction or reportable account
Section 510 — Annual information statement
Section 511 — Furnishing of report in respect of international group
Section 512 — Publication of information respecting assessees in certain cases
Section 513 — Appearance by registered valuer in certain matters

frequently looked up · income-tax act, 2025

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