Permanent account number.
292. (1) Every person who fulfils such conditions and requirements as may be prescribed shall make an application for the allotment of a permanent account number and such person shall be allotted a permanent account number.
(2) Any person not required to make an application under sub-section (1), may make an application for the allotment of permanent account number and he shall be allotted a permanent account number.
(3) A permanent account number may, having regard to the nature of transactions as may be prescribed, be allotted to any other person, whether or not an application is made by him.
(4) Any person who has been allotted a permanent account number shall quote the number in such transactions or documents as may be prescribed.
(5) In respect of the permanent account number, the Board shall prescribe—
(a) the form and the manner in which an application may be made for the allotment of a permanent account number and the particulars which the application shall contain;
(b) the income-tax authority, or any other person who shall be authorised to receive the application or allot the permanent account number;
(c) the categories of transactions in relation to which permanent account number shall be quoted by every person in the documents pertaining to those transactions;
(d) the categories of documents in which the permanent account number shall be quoted by every person;
(e) class, or classes, of persons to whom the provisions of this section shall not apply;
(f) the form and the manner in which the person who has not been allotted a permanent account number shall make his declaration in relation to categories of transactions and documents;
(g) the manner in which the permanent account number shall be quoted in respect of the categories of transactions referred to in clause (c); and
(h) any other matter connected therewith.
