India - Income Tax Act 2010 - Saarc

1.651 CH. XIV - PROCEDURE FOR ASSESSMENT S. 139A76[(1B) Notwithstanding anything contained in sub-section (1), the Central Governmentmay, for the purpose of collecting any information which may be usefulfor or relevant to the purposes of this Act, by notification in the Official Gazette,specify, any class or classes of persons who shall apply to the Assessing Officerfor the allotment of the permanent account number and such persons shall,within such time as mentioned in that notification, apply to the Assessing Officerfor the allotment of a permanent account number.]77[(2) The Assessing Officer, having regard to the nature of the transactions asmay be prescribed, may also allot a permanent account number, to any otherperson (whether any tax is payable by him or not), in the manner and inaccordance with the procedure as may be prescribed.](3) Any person, not falling under sub-section (1) or sub-section (2), may apply tothe Assessing Officer for the allotment of a permanent account number and,thereupon, the Assessing Officer shall allot a permanent account number to suchperson forthwith.(4) For the purpose of allotment of permanent account numbers under the newseries, the Board may, by notification 78 in the Official Gazette, specify the datefrom which the persons referred to in sub-sections (1) and (2) and other personswho have been allotted permanent account numbers and residing in a place tobe specified in such notification, shall, within such time as may be specified, applyto the Assessing Officer for the allotment of a permanent account number underthe new series and upon allotment of such permanent account number to aperson, the permanent account number, if any, allotted to him earlier shall ceaseto have effect :Provided that the persons to whom permanent account number under the newseries has already been allotted shall not apply for such number again.(5) Every person shall—(a) quote such number in all his returns to, or correspondence with, anyincome-tax authority;(b) quote such number in all challans for the payment of any sum dueunder this Act;(c) quote such number in all documents pertaining to such transactionsas may be prescribed 79 by the Board in the interests of the revenue,and entered into by him:Provided that the Board may prescribe different dates for differenttransactions or class of transactions or for different class of persons:80[Provided further that a person shall quote General Index RegisterNumber till such time Permanent Account Number is allotted to suchperson;]76. Inserted by the Finance Act, 2006, w.e.f. 1-6-2006.77. Substituted, ibid. Prior to its substitution, sub-section (2) read as under :“(2) The Assessing Officer may also allot to any other person by whom tax is payable, apermanent account number.”78. For notified time limit, see Taxmann’s Master Guide to Income-tax Act.79. See rules 114B to 114D and Form Nos. 60 & 61.80. Inserted by the Finance (No. 2) Act, 1998, w.e.f. 1-8-1998.