Section 39 - Insertion of new section 139A - Taxation Laws (Amendment) Act, 1975

39. Insertion of new section 139A. After section 139 of the Income-tax Act, the following section shall be inserted, namely: 139A. Permanent account numbers. (1) 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 accounting year exceeded the maximum amount which is not chargeable to income-tax and he has not been allotted any permanent account number, shall, within such time as may be prescribed, apply to the Income-tax Officer for the allotment of a permanent account number. (2) Notwithstanding anything contained in sub-section (1), every person not falling under that sub-section, but carrying on any business whose total sales, turnover or gross receipts are or is likely to exceed fifty thousand rupees in any accounting year and who has not been allotted any permanent account number, shall, within such time as may be prescribed, apply to the Income-tax Officer for the allotment of a permanent account number. (3) The Income-tax Officer may also allot to any other person by whom tax is payable, a permanent account number. (4) All permanent account numbers allotted to assessees before the commencement of the Taxation Laws (Amendment) Act, 1975 shall, with effect from such date as the Board may, by notification in the Official Gazette, specify, be deemed to have been allotted to then under the provisions of this section. (5) Where a permanent account number has been allotted or is deemed to have been allotted to any person under this section, he shall (a) quote such number in all his returns to, or correspondence with, any Income-tax authority; (b) quote such number in all challans for the payment of any sum due under this Act; (c) quote such number in all documents pertaining to such transactions as may be prescribed by the Board in the interests of the revenue, and entered into by him; (d) Intimate the Income-tax Officer any change in his address or in the name and nature of his business. (6) The Board may make rules providing for (a) the form and the manner in which an application may be made for the allotment of a permanent account number and the particulars which such application shall contain; (b) the categories of transactions in relation to which permanent account numbers shall be quoted by the persona to whom such numbers have been allotted, in the documents pertaining to such transactions. Explanation. In this section, (a) accounting year means, (i) in relation to a person maintaining accounts, the year ending on the day on which such accounts are or are to be closed and balanced; (ii) in relation to any other person, the financial year; (b) permanent account number means a number which the Income-tax Officer may allot to any person for the purpose of identification. .