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TMI BlogAmendment of section 139A.X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... haar 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;'. - Clause 40 of the Bill seeks to amend section 139A of the Incometax Act relating to permanent account number. Sub-section (1) of the said section, inter alia, provides that every person specified therein and who has not been allotted a permanent account number shall apply to the Assessing Officer for allotment of a permanent account number. It is proposed to insert a new clause (vii) in the said sub-section so ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt 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, as the case may be, in such manner as may be prescribed. It is also proposed to insert a new sub-section (6B) to provide that every person receiving any documents relating to the transactions prescribed under sub-section (6A), shall ensure that permanent account number or Aadhaar number, as the case may be, has been duly quoted in the documents and also ensure that such permanent account number or Aadhaar number is authenticated in such manner as may be prescribed. It is also proposed to empower the Board to prescribe by rules the categories of transactions in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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