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Notification: S.O.123(E)
Section(s) Referred: 139A ,139A(4)
Statute: INCOME TAX
Date of Issue: 11/2/1998
In exercise of the powers conferred by sub-section (4) of section 139A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies that every person who is assessed or liable to be assessed by an Assessing Officer under the control of any income-tax authority in India and,–
(a) who has not been allotted a permanent account number and–
(i) if his total income or total income of any other person in respect of which he is assessable under the Income-tax Act, 1961, during any previous year exceeded the maximum amount which is not chargeable to income-tax ; or
(ii) carrying on any business or profession whose total sales, turnover or gross receipts are or is likely to exceed fifty thousand rupees in any previous year ; or
(iii) who is required to furnish a return of income under sub-section (4A) of section 139 of the Income-tax Act, 1961 ; or
(b) who has been allotted a permanent account number other than under the new series,–
shall apply before the 30th day of April, 1998, in respect of the assessment year 1997-98 to the Assessing Officer, having jurisdiction in respect of such person, for the allotment of a permanent account number under the new series.
2. Every person to whom clause (a) or clause (b) of paragraph 1 of this notification becomes applicable on or after the 1st day of any previous year relevant to the assessment year 1998-99 or any subsequent assessment year, shall apply for the allotment of a permanent account number under the new series to the Assessing Officer, having jurisdiction in respect of such person, on or before the 30th day of June of the relevant assessment year :
Provided tha the persons,–
(i) who had applied or are required to apply for the allotment of a permanent account number under the new series in accordance with the notification of the Government of India in the Ministry of Fincance, Department of Revenue (Central Board of Direct Taxes) number S.O. 379(E), dated 30th May, 1996 ; or
(ii) to whom permanent account numbers under the new series have already been allotted,
shall not apply for allotment of a permanent account number under the new series under this notification.
(Sd.) D. Karunakara Rao, Under Secretary to the Government of India. [No. 10533/F. No. 142/1/98-TPL]
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