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TMI BlogTransactions in relation to which permanent account number is to be quoted in all documents for the purpose of clause (c) of sub-section (5) of section 139A.X X X X Extracts X X X X X X X X Extracts X X X X ..... ngs Bank Deposit Account] with a banking company or a cooperative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act). All such transactions. 3. Making an application to any banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or to any other company or institution, for issue of a credit or debit card. All such transactions. 4. Opening of a demat account with a depository, participant, custodian of securities or any other person registered under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992). All such transactions. 5. Payment to a hotel or restaurant against a bill or bills at any one time. Payment in cash of an amount exceeding fifty thousand rupees. 6. Payment in connection with travel to any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... one or more pre-paid payment instruments, as defined in the policy guidelines for issuance and operation of pre-paid payment instruments issued by Reserve Bank of India under section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007), to a banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) or to any other company or institution. Payment in cash or by way of a bank draft or pay order or banker s cheque of an amount aggregating to more than fifty thousand rupees in a financial year. 14. Payment as life insurance premium to an insurer as defined in clause (9) of section 2 of the Insurance Act, 1938 (4 of 1938). Amount aggregating to more than fifty thousand rupees in a financial year. 15. A contract for sale or purchase of securities (other than shares) as defined in clause ( h ) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956). Amount exceeding one lakh rupees per transaction. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... S.No.12 of the Table and a Basic Saving Bank Deposit Account) maintained with a banking company or a cooperative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) and has not quoted his permanent account number or furnished Form No. 60, as the case may be, at the time of opening of such account or subsequently, he shall furnish his permanent account number or Form No. 60, as the case may be, to the person specified in clause (c) of sub-rule (1) of rule 114C on or before the 7 [30th day of June ], 2017. ] Explanation.-For the purposes of this rule,- 12 [ (1) IFSC banking unit means a financial institution defined under clause (c) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), that is licensed or permitted by the International Financial Services Centres Authority to undertake permissible activities under the International Financial Services Centres Authority (Banking) Regulations, 2020; ] 11 [ (1A) ] payment in connection with travel includes payment towards fare, or to a travel agent or a tour o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gulation) Act, 1956 (42 of 1956); (f) opening an account not being a time-deposit referred to in clause (c) with a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act); (g) making an application for installation of a telephone connection (including a cellular telephone connection); (h) payment to hotels and restaurants against their bills for an amount exceeding twenty-five thousand rupees at any one time ; (i) payment in cash for purchase of bank drafts or pay orders or bankers cheques from a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) for an amount aggregating fifty thousand rupees or more during any one day; (j) deposit in cash aggregating fifty thousand rupees or more, with a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act) during any one day; (k) payment in cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ardian, as the case may be, in the document pertaining to the transaction referred to in said clause (c) and clause (f): Provided further that any person who does not have a permanent account number and who enters into any transaction specified in this rule, shall make a declaration in Form No. 60 giving therein the particulars of such transaction. 5. Substituted vide Not. 104/2016 - Dated 15-11-2016 , before it was read as, 10. Deposit with a banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act). Deposits in cash exceeding fifty thousand rupees during any one day. 6. Inserted vide Not. 2/2017 - Dated 6-1-2017 7. Substituted vide Not. 27/2017 - Dated 5-4-2017 w.e.f. 1st March, 2017 , before it was read as, 28th day of February 8. Inserted vide Not. 51/2017 - Dated 9-6-2017 9. Substituted vide NOTIFICATION NO. 88/2023 dated 10-10-2023 before it was read as, Provided further that any person 10. Inserted vide NOTIFICATION NO. 88/2023 dated 10-10- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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