Permanent Account Number (PAN) - Section 139A - General Provisions - Income Tax - Ready Reckoner - Income Tax

Permanent Account Number Every person who has not been allotted a permanent account number shall, within such time, as may be prescribed, apply in Form No. 49A , or Form No. 49AA [ Read with Rule 114 ] , as the case may be, to the Assessing Officer for the allotment of a permanent account number in the following cases. (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) If he is carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed ₹ 5,00,000/- in any previous year; or (iii) He is required to furnish a return of income u/s 139(4A) , ( i.e. , return of trust and charitable institutions), or (iv) being an employer, who is required to furnish a return of fringe benefits under section 115WD (v) being a resident, other than an individual, which enters into a financial transaction of an amount aggregating to ₹ 2,50,000/- or more in a financial year; or (vi) who is the managing director, director, parting anything contained in this Act, every person who is required to furnish or intimate or qner, 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); or (vii) who intends to enter into such transaction as may be prescribed by the Board in the interest of revenue, and [ Read with Rule 114BA of Income Tax Rules ] (viii) 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. [ Section 139A(1) ] Central Government may, by notification, 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 and such persons shall, within such time prescribed apply to the Assessing Officer for the allotment of a permanent account number. [ Section 139A(1A) ] Central Government may for the purpose of collecting any information which may be useful for this Act, specify any class of persons to apply within the prescribed time to the AO for allotment of PAN. [ Section 139A(1B) ] The Assessing Officer having regard to the nature of 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. [ Section 139A(2) ] Any person, not falling under clause (1) or clause (2) above, 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. [ Section 139A(3) ] Time limit for submitting application for allotment of PAN ( For more details refer this chapter ) PAN TO BE QUOTED IN CERTAIN CASES On allotment of permanent account number, every person shall: Quote such number in all his returns to, or correspondence with, any income-tax authority; Quote such number in all challans for the payment of any sum due under the Act; 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. [ Read with Rule 114B of income Tax Rules ] intimate the Assessing Officer any change in his address or in the name and nature of his business on the basis of which the permanent account number was allotted to him. [ Section 139A(5) ] Every person receiving any sum or income or amount from which tax has been deducted under the provisions of Chapter XVIIB , shall intimate his permanent account number to the person responsible for deducting such tax under that Chapter [ Section 139A(5A) ] Where any sum or income or amount has been paid after deducting tax under Chapter XVIIB , every person deducting tax under that Chapter shall quote the permanent account number of the person to whom such sum or income or amount has been paid by him in - (i) in the statement of perquisites furnished to the employee u/s 192(2C) (ii) in all certificates of TDS furnished u/s 203 (iii) in all returns prepared and delivered or caused to be delivered in accordance with the provisions of section 206 to any income-tax authority (vi) in all statements prepared and delivered or caused to be delivered in accordance with the provisions of section 200(3) : However Central Government may notify different dates from which the provisions of this sub-section shall apply in respect of any class or classes of persons. The sections 139(5A) (5B) shall not apply in case of person :- whose total income is not chargeable to tax who is not required to obtain PAN under any provisions of the Act. Such person is required to furnish a declaration referred to in section 197A in the form (Form 15G/15H) to the effect that the tax on his estimated total income of the previous year will be nil. [ Section 139A(5B) ] Every buyer or licensee or lessee referred to in section 206C shall intimate his permanent account number to the person responsible for collecting tax referred to in that section. [ Section 139A(5C) ] Every person collecting tax in accordance with the provisions of section 206C shall quote the permanent account number of every buyer or licensee or lessee referred to in that section- ( i ) in all certificates furnished in accordance with the provisions of section 206C(5); ( ii ) in all returns prepared and delivered or caused to be delivered in accordance with the provisions of section 206C(5A) or (5B) to an income-tax authority; ( iii ) in all statements prepared and delivered or caused to be delivered in accordance with the provisions of section 206C(3). [ Section 139A(5C) ] 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 section 139AA(2) , may furnish or intimate or quote his Aadhaar number in lieu of the permanent account number. [ Section 139A(5E) ] Every person receiving any document relating to a transaction prescribed under section 139A(5)(c) shall ensure that following number, as the case may be, has been duly quoted in the document, the Permanent Account Number or the General Index Register Number or the Aadhaar number. [ Section 139A(6) ] No person who has already been allotted a permanent account number under the new series shall apply, obtain or possess another permanent account number. [ Section 139A(7) ] Where any return of income is furnished in pursuance of an order u/s 119(2)(b) , the provisions of this section shall apply. [w.e.f. 01.10.2024 Section 139A(9A), Inserted vide Finance (No. 2) Act, 2024 ] ​​​​​​​ Order authorizing Income-tax authorities to admit an application or claim for refund and carry forward of loss and set off thereof under section 119(2)(b) of the Income-tax Act, 1961. [ Circular No. 11/2024 dated 01.10.2024 ]