Section 40 - Amendment of section 139A. - Finance (No. 2) Act, 2019

Amendment of section 139A. 40. In section 139A of the Income-tax Act, with effect from the 1st day of September, 2019, (i) in sub-section (1), in clause (vi), for the words, brackets and figure on behalf of the person referred to in clause (v) , the following shall be substituted, namely: on behalf of the person referred to in clause (v); or (vii) who intends to enter into such transaction as may be prescribed by the Board in the interest of revenue, ; (ii) after sub-section (5D), the following sub-section shall be inserted, namely:- (5E) Notwithstanding anything contained in this Act, every person who is required to furnish or intimate or quote his permanent account number under this Act, and who, (a) has not been allotted a permanent account number but possesses the Aadhaar number, may furnish or intimate or quote his Aadhaar number in lieu of the permanent account number, and such person shall be allotted a permanent account number in such manner as may be prescribed; (b) has been allotted a permanent account number, and who has intimated his Aadhaar number in accordance with provisions of sub-section (2) of section 139AA, may furnish or intimate or quote his Aadhaar number in lieu of the permanent account number. ; (iii) in sub-section (6), for the words the General Index Register Number , the words the General Index Register Number or the Aadhaar number, as the case may be, shall be substituted; (iv) after sub-section (6), the following sub-sections shall be inserted, namely:- (6A) Every person entering into such transaction, as may be prescribed, shall quote his permanent account number or Aadhaar number, as the case may be, in the documents pertaining to such transactions and also authenticate such permanent account number or Aadhaar number, in such manner as may be prescribed. (6B) Every person receiving any document relating to the transactions referred to in sub-section (6A), shall ensure that permanent account number or Aadhaar number, as the case may be, has been duly quoted in such document and also ensure that such permanent account number or Aadhaar number is so authenticated. ; (v) in sub-section (8), in clauses (b) and (f), for the words the General Index Register Number , the words the General Index Register Number or the Aadhaar number, as the case may be, shall be substituted; (vi) in the Explanation, for clause (a), the following clauses shall be substituted, namely: (a) Aadhaar number shall have the meaning assigned to it in clause (a) of section 2 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (18 of 2016.); (aa) Assessing Officer includes an income-tax authority who is assigned the duty of allotting permanent account numbers; (ab) authentication means the process by which the permanent account number or Aadhaar number alongwith demographic information or biometric information of an individual is submitted to the income-tax authority or such other authority or agency as may be prescribed for its verification and such authority or agency verifies the correctness, or the lack thereof, on the basis of information available with it; .