India - Income Tax Act 2010 - Saarc

S. 139A I.T. ACT, 1961 1.65067[***](10) 68 [Omitted by the Finance (No. 2) Act, 1991, w.e.f. 1-4-1991.]69[Permanent account number 70 .139A. (1) Every person,—(i) if his total income or the total income of any other person in respectof which he is assessable under this Act during any previous yearexceeded the maximum amount which is not chargeable to incometax;or(ii) carrying on any business or profession whose total sales, turnover orgross receipts are or is likely to exceed 71 [five lakh] rupees in anyprevious year; or(iii) who is required to furnish a return of income under 72 [sub-section(4A) of section 139; or(iv) being an employer, who is required to furnish a return of fringebenefits under section 115WD,]and who has not been allotted a permanent account number shall, within suchtime, as may be prescribed 73 , apply to the Assessing Officer for the allotment ofa permanent account number.74[(1A) Notwithstanding anything contained in sub-section (1), the Central Governmentmay, by notification 75 in the Official Gazette, specify, any class or classesof persons by whom tax is payable under this Act or any tax or duty is payableunder any other law for the time being in force including importers and exporterswhether any tax is payable by them or not and such persons shall, within suchtime as mentioned in that notification, apply to the Assessing Officer for theallotment of a permanent account number.]67. Omitted by the Finance Act, 2007, w.r.e.f. 1-6-2006. Prior to its omission, the proviso, asinserted by the Finance Act, 2006, w.e.f. 1-6-2006, read as under :“Provided that the Board may, by rules made by it,—(a) dispense, for a class or classes of persons, with any of the conditions specified inclauses (a) to (f); or(b) include any of the conditions specified in clauses (a) to (f) of this Explanation in theform of return prescribed under sub-section (1) or sub-section (6) of this section.”68. Prior to omission sub-section (10) was amended by the Taxation Laws (Amendment &Miscellaneous Provisions) Act, 1986, w.e.f. 1-4-1986, Direct Tax Laws (Amendment) Act,1987, w.e.f. 1-4-1989, Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989 and FinanceAct, 1990, w.e.f. 1-4-1990.69. Substituted by the Finance Act, 1995, w.e.f. 1-7-1995. Prior to its substitution, section 139Awas inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 and lateramended by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1988/1-4-1989 and theFinance Act, 1990, w.e.f. 1-4-1990.70. See Press Release dated 19-5-1998, Circular No. 792, dated 21-6-2000, NotificationNo. SO 123(E), dated 11-2-1998 and PAN Circular No. 4, dated 11-10-2006. For details, seeTaxmann’s Master Guide to Income-tax Act.71. Substituted for “fifty thousand” by the Finance (No. 2) Act, 1998, w.e.f. 1-8-1998.72. Substituted for “sub-section (4A) of section 139” by the Finance Act, 2005, w.e.f. 1-4-2006.73. See rule 114 and Form No. 49A for application for allotment of PAN.74. Inserted by the Finance Act, 2000, w.e.f. 1-6-2000.75. For specified class or classes of persons, see Taxmann’s Master Guide to Income-tax Act.