Income Tax Act, 1961
Section 9: Sub-section (10) omitted by Act 49 of 1991, s. 44 (w.e.f. 1991).
9. Sub-section (10) omitted by Act 49 of 1991, s. 44 (w.e.f. 1991).
564
1[139A. Permanent account number.—(1) Every person,—
(i) if his total income or the total income of any other person in respect of which he is assessable
under this Act during any previous year exceeded the maximum amount which is not chargeable to
income-tax; or
(ii) carrying on any business or profession whose total sales, turnover or gross receipts are or is
likely to exceed 2[five lakhrupees] in any previous year; or
(iii) who is required to furnish a return of income under 3[sub-section (4A) of section 139;or
(iv) being an employer, who is required to furnish a return of fringe benefits under
section 115WD,] 4[or]
4[(v) being a resident, other than an individual, which enters into a financial transaction of an
amount aggregating to two lakh fifty thousand rupees or more in a financial year; or
(vi) who is the managing director, director, partner, trustee, author, founder, karta, chief executive
officer, principal officer or office bearer of the person referred to in clause (v) or any person
competent to act on behalf of the person referred to in clause (v),]
and who has not been allotted a permanent account number shall, within such time, as may be prescribed,
apply to the Assessing Officer for the allotment of a permanent account number.
5[(1A) Notwithstanding anything contained in sub-section (1), the Central Government may, by
notification in the Official Gazette, specify, any class or classes of persons by whom tax is payable under
this Act or any tax or duty is payable under any other law for the time being in force including importers
and exporters whether any tax is payable by them or not and such persons shall, within such time as
mentioned in that notification, apply to the Assessing Officer for the allotment of a permanent account
number.]
6[(1B) Notwithstanding anything contained in sub-section (1), the Central Government may, for the
purpose of collecting any information which may be useful for 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 Officer for the allotment of the permanent account number and such persons shall, within such
time as mentioned in that notification, apply to the Assessing Officer for the allotment of a permanent
account number.]
7[(2) The Assessing Officer, having regard to the nature of the transactions as may be prescribed, may
also allot a permanent account number, to any other person (whether any tax is payable by him or not), in
the manner and in accordance with the procedure as may be prescribed.]
(3) Any person, not falling under sub-section (1) or sub-section (2), may apply to the Assessing
Officer for the allotment of a permanent account number and, thereupon, the Assessing Officer shall allot
a permanent account number to such person forthwith.
(4) For the purpose of allotment of permanent account numbers under the new series, the Board may,
by notificationin the Official Gazette, specify the date from which the persons referred to in
sub-sections (1) and (2) and other persons who have been allotted permanent account numbers and
residing in a place to be specified in such notification, shall, within such time as may be specified, apply
to the Assessing Officer for the allotment of a permanent account number under the new series and upon
allotment of such permanent account number to a person, the permanent account number, if any, allotted
to him earlier shall cease to have effect:
Provided that the persons to whom permanent account number under the new series has already been
allotted shall not apply for such number again.
omitted by Act 49 of 1991, s. 44 (w.e.f. 1991).
564
1[139A. Permanent account number.—
Every person,—
if his total income or the total income of any other person in respect of which he is assessable
under this Act during any previous year exceeded the maximum amount which is not chargeable to
income-tax; or
carrying on any business or profession whose total sales, turnover or gross receipts are or is
likely to exceed 2[five lakhrupees] in any previous year; or
who is required to furnish a return of income under 3[sub-section
of section 139;or
being an employer, who is required to furnish a return of fringe benefits under
section 115WD,] 4[or]
4[
being a resident, other than an individual, which enters into a financial transaction of an
amount aggregating to two lakh fifty thousand rupees or more in a financial year; or
who is the managing director, director, partner, trustee, author, founder, karta, chief executive
officer, principal officer or office bearer of the person referred to in clause
or any person
competent to act on behalf of the person referred to in clause
Notwithstanding anything contained in sub-section
Notwithstanding anything contained in sub-section
The Assessing Officer, having regard to the nature of the transactions as may be prescribed, may
also allot a permanent account number, to any other person (whether any tax is payable by him or not), in
the manner and in accordance with the procedure as may be prescribed.]
Any person, not falling under sub-section
or sub-section
For the purpose of allotment of permanent account numbers under the new series, the Board may,
by notificationin the Official Gazette, specify the date from which the persons referred to in
sub-sections
and
and other persons who have been allotted permanent account numbers and
residing in a place to be specified in such notification, shall, within such time as may be specified, apply
to the Assessing Officer for the allotment of a permanent account number under the new series and upon
allotment of such permanent account number to a person, the permanent account number, if any, allotted
to him earlier shall cease to have effect:
Provided that the persons to whom permanent account number under the new series has already been
allotted shall not apply for such number again.