TMI BlogAmendment of section 139A.X X X X Extracts X X X X X X X X Extracts X X X X ..... erted, namely: (5E) Notwithstanding anything contained in this Act, every person who is required 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 permanen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fits and Services) Act, 2016; (18 of 2016.) (aa) Assessing Officer includes an income-tax authority who is assigned the duty of allotting permanent account numbers; (ab) authentication means the process by which the permanent account number or Aadhaar 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ument relating to a transaction prescribed under clause ( c ) of sub-section ( 5 ) shall also ensure that the permanent account number or the Aadhaar number, as the case may be, has been duly quoted. It is also proposed to insert a new sub-section ( 6A ) to provide that every person entering into such transaction, as may be prescribed, shall quote his permanent account 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 trans ..... X X X X Extracts X X X X X X X X Extracts X X X X
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