Every person shall quote his “Permanent Account Number” (Section 139A) in all documents pertaining to the transactions specified below, namely:-

• Sale or purchase of any immovable property valued at Rs.5,00,000/- or more;
• Sale or purchase of a motor vehicle which requires registration by a registering authority. However, the sale or purchase of motor vehicle doesn’t include two wheeled vehicles, inclusive of any detachable side car having an extra wheel, attached to the motor vehicle;
• A time deposit, exceeding Rs. 50,000/- with a banking company to which the Banking Regulation Act, 1949 applies;
• A deposit, exceeding Rs.50,000/- in any account with Post Office Saving Bank;
• A contract of value exceeding Rs. 1,00,000/- for sale or purchase of securities as defined in the Securities (Regulation) Act, 1956;
• Opening an account (not being a time deposit) with a banking company to which the Banking Regulation Act, 1949 applies including any bank or banking institution referred to in section 51 of that Act;
• Making an application for installation of a telephone connection (including a cellular telephone connection);
• Payment to hotels and restaurants against their bills for an amount exceeding Rs. 25,000/- at any one time;
• Payment in cash for purchase of bank drafts or pay orders or banker’s cheque from a banking company (including any bank or banking institution referred to in section 51 of the Act) for an amount aggregating Rs.50,000/- or more during any one day;
• Deposit in cash aggregating Rs. 50,000/- or more with a banking company (including any bank or banking institution referred to in section 51 of the Act) during any one day;
• Payment in cash in connection with travel to any foreign country of an amount exceeding Rs.25,000/- at any one time;

Note: “Payment in cash in connection with travel” includes payment in cash towards fare, or to a travel agent or a tour operator, or for the purchase of foreign currency. Note: The expression “travel to any foreign country” doesn’t include travel to Nepal, Bhutan, Sri Lanka, Pakistan and Bangladesh.

• Making an application to any banking company or bank or banking institution or to any other company or institution for issue of a credit card;
• Payment of an amount of Rs. 50,000/- or more to a mutual fund for purchase of its units;
• Payment of an amount of Rs. 50,000/- or more to a company for acquiring shares issued by it;
• Payment of an amount of Rs. 50,000/- or more to a company or an institution for acquiring debentures or bonds issued by it;
• Payment of an amount of Rs. 50,000/- or more to the RBI for acquiring bonds issued by it;

Note1– Further where a person, making an application for opening an account referred to in clause (c) and clause (f), is a minor and who doesn’t have any income chargeable to income tax, he shall quote the Permanent Account Number of his father or mother or guardian, as the case may be, in the document pertaining to the transaction referred to in the said clause (c) or clause (f); Note2– Any person who doesn’t have a permanent account number and who enters into any transaction specified above in (a) to (p), shall make a declaration in Form No.60 giving therein the particulars of such transaction. Classes of persons to whom provisions of section 139A shall not apply. The Provisions of Section 139A shall not apply to the following class or classes of persons, namely:- The persons who have agricultural income and are not in receipt of any other income chargeable to income tax: However, such persons shall make declaration in Form No. 61 in respect of transactions referred to in clauses (a) to (p). (a)    Non- residents; (b)    Central Government, State government and Consular Offices in transactions where there are payers; Tax Returns for Financial Year 2010 -11 (March 2011) has started.  Request you to please visit Taxmantra.com or  mail us Form16/ Salary Certificate and details of other income, at info@taxmantra.com . We would take it from there to file your return of income. Taxmantra.com provides complete online taxation solutions for individuals ( Tax Returns + Tax Support + Tax Planning ) – please see this – Services Offered. Taxmantra.com- Providing Complete Online Tax Solutions for Individuals, Not Just Returns .