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No, the purchase of digital gold below ₹2 lakh is generally not reported in the Taxpayer Information Summary (TIS), Annual Information Statement (AIS), or Form 26AS unless it crosses certain thresholds that require mandatory reporting by the seller or payment intermediary. Here's why: Reporting Conditions: 1. PAN Requirement for Digital Gold Purchases: PAN is mandatory for purchases of ₹2 lakh or more in cash, as per Rule 114B of the Income Tax Rules. Such transactions may appear in the AIS or TIS. 2. Thresholds for Reporting to IT Department: If payments for digital gold purchases are made via bank accounts or UPI, they are not reportable unless the transaction exceeds ₹10 lakh (aggregated) for the financial year (as part of SFT rules). 3. Below ₹2 Lakh: Purchases below ₹2 lakh, especially through non-cash methods, are typically not reported. Exceptions: If your bank account or credit card is used for multiple small transactions that, when aggregated, exceed the thresholds for Specified Financial Transactions (SFT) reporting (e.g., ₹10 lakh for a savings account or ₹1 lakh in credit card cash payments), these might reflect in the AIS indirectly. If you are purchasing digital gold below ₹2 lakh, it is unlikely to appear in TIS, AIS, or Form 26AS unless the transaction type itself triggers reporting.

@taxellent Great. Thanks for made a very clear picture and added to my knowledge.

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