9911796707
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Section 32 - Amendment of section 139A - Finance Act, 2006Extract 32. Amendment of section 139A.- In section 139A of the Income-tax Act,- (a) after sub-section (1A), the following sub-section shall be inserted with effect from the 1st day of June, 2006, namely:- "(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"; (b) for sub-section (2), the following sub-section shall be substituted with effect from the 1st day of June, 2006, namely:- "(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."; (c) in sub-section (5B), after clause (iii), the following clause shall be inserted with effect from the 1st day of June, 2006, namely:- "(iv) in all quarterly statements prepared and delivered or caused to be delivered in accordance with the provisions of sub-section (3) of section 200:"; (d) in sub-section (5C), for the word "seller", the words "person responsible for collecting tax" shall be substituted with effect from the 1st day of April, 2007; (e) in sub-section (5D),- (A) in the opening portion, for the word "seller", the word "person" shall be substituted with effect from the 1st day of April, 2007; (B) after clause (ii), the following clause shall be inserted with effect from the 1st day of June, 2006, namely:- "(iii) in all quarterly statements prepared and delivered or caused to be delivered in accordance with the provisions of sub-section (3) of section 206C.".
|
