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TMI BlogIncome-tax (Sixteenth Amendment) Rules, 1998X X X X Extracts X X X X X X X X Extracts X X X X ..... ot;114B. All documents pertaining to the transactions in relation to which permanent account number or General Index Register Number to be quoted for the purpose of clause (c) of sub-section (5) of section 139A. Every person shall quote his permanent account number or General Index Register Number in all documents pertaining to the transactions specified below, namely :- (a) sale or purchase of any immovable property valued at five lakh rupees or more; (b) sale or purchase of a motor vehicle or vehicle, as defined in clause (28) of section 2 of the Motor Vehicle Act, 1988 (59 of 1988), which requires registration by a registering authority under Chapter IV of that Act. (c) a time deposit, exceeding fifty thousand rupees, with a banking c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also that any person, who has not been allotted a permanent account number or who does not have a General Index Register Number and who makes payment in cash or otherwise than by a crossed cheque drawn on a banker by a crossed bank draft in respect of any transaction specified in clauses (a) to (h), shall make a declaration in Form No. 60 giving therein the particulars of such transaction. 114C. Class or classes of persons to whom provisions of section I39A shall not apply.- (1) The provisions of section 139A shall not apply to following class or classes of persons, namely:- (a) the persons who have agricultural income and are not in receipt of any other income chargeable to income-tax: Provided that such persons shall make declaration i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich persons referred to in sub-rule 114C shall intimate the details of transaction to the Director of income-tax (Investigation).-(1) every person referred to in sub-rule (2) of rule 114C shall forward to the concerned Director of Income-tax (Investigation), the following documents, namely:- (a) a statement indicating therein details of all documents pertaining to any transaction referred to in clauses (a) to (h) of rule 114B wherein the permanent account number or General Index register Number is quoted; (b) the statement referred to in clause (a) shall contain,- (i) name and address of the person entering into the transactions; (ii) nature and date of the transaction; (iii) amount of each transaction; (iv) permanent account number o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellip;………… …………………….. ………………….. 3 Amount of the transaction ……………….. …………………… …………………… 4 Are you assessed to tax? Yes/No 5 If yes, (i) Details of Ward/Circle/Range where the last return of income was filed? (ii) Reasons for not having permanent account number? …………………. …………………. …………………. ……&h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ddress (g) Any other documentary evidence in support of' his address given in the declaration. FORM No. 61 [See proviso to clause (a) of rule 114C(1)] Form of declaration to be filed by a person who has agricultural income and is not in receipt of any other income chargeable to income-tax in respect of transactions specified in rule 114B 1. Full name and address of the declarant ………… ………….. ………… ………… ………… 2. Particulars of transaction …………………… ……………………. ………&hell ..... X X X X Extracts X X X X X X X X Extracts X X X X
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