Income–tax (Fifteenth Amendment) Rules, 2022

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..... teenth Amendment) Rules, 2022. (2) Save as otherwise provided in these rules, they shall come into force after the expiry of fifteen days from the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 , (a) in rule 114 , in sub-rule (3), after clause (vi), the following clause shall be inserted, namely:- (vii) in the case of a person who intends to enter into the transaction prescribed under clause (vii) of sub-section (1) of section 139A, at least seven days before the date on which he intends to enter into the said transaction. ; (b) after rule 114B , the following rule shall be inserted, namely:― 114BA. Transactions for the purposes of clause (vii) of sub-section (1) of sectio .....

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..... n 139A . (1) Every person shall, at the time of entering into a transaction specified in column (2) of the Table below, quote his permanent account number or Aadhaar number, as the case may be, in documents pertaining to such transaction, and every person specified in column (3) of the said Table, who receives such document, shall ensure that the said number has been duly quoted and authenticated- TABLE Sl. No. Nature of transaction Person (1) (2) (3) 1. Cash deposit or deposits aggregating to twenty lakh rupees or more in a financial year, in one or more account of a person with, - .....

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..... 49 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act); (ii) Post Office (i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act); (ii) Post Master General as referred to in clause (j) of section 2 of the Indian Post Office Act, 1898 (6 of 1898). (2) The permanent account number or Aadhaar number alongwith demographic information or biometric information of an individual shall be submitted to the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) or the person author .....

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