84

[All documents pertaining to the transactions in relation to which permanent

account number 85[***] to be quoted for the purpose of clause (c) of sub-section (5)
of section 139A.
114B. Every person shall quote his permanent account number 85[***] in all documents
pertaining to the transactions specified below, namely :—
(a) sale or purchase of any immovable property valued at five lakh rupees or more;
(b) sale or purchase of a motor vehicle or vehicle, as defined in clause (28) of
section 2 of the Motor Vehicles Act, 198886 (59 of 1988), which requires
registration by a registering authority under Chapter IV of that Act :
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[Provided that for the purposes of this clause, the sale or purchase of a motor
vehicle or vehicle does not include two wheeled vehicles, inclusive of any
detachable side-car having an extra wheel, attached to the motor vehicle;]
(c) a time deposit, exceeding fifty thousand rupees, with a banking company 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);
(d) a deposit, exceeding fifty thousand rupees, in any account with Post Office
Savings Bank;
(e) a contract of a value exceeding 88[one] lakh rupees for sale or purchase of
securities as defined in clause (h) of section 2 of the Securities Contracts
(Regulation) Act, 195689 (42 of 1956);
(f) opening an account 90[not being a time-deposit referred to in clause (c)] with a
banking company 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);
(g) making an application for installation of a telephone connection (including a
cellular telephone connection);
(h) payment to hotels and restaurants against their bills for an amount exceeding
twenty-five thousand rupees at any one time ;
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[(i) payment in cash for purchase of bank drafts or pay orders or banker’s cheques
from a banking company 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) for an amount aggregating fifty thousand rupees or more during
any one day;
(j) deposit in cash aggregating fifty thousand rupees or more, with a banking
company 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)
during any one day;
(k) payment in cash in connection with travel to any foreign country of an amount
exceeding twenty-five thousand rupees at any one time.
Explanation.—For the purposes of this clause,—
 (a) “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;
(b) the expression “travel to any foreign country” does not include travel to
the neighbouring countries or to such places of pilgrimage as may be
specified by the Board under Explanation 3 of sub-section (1) of section
13992 ;]
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[(l) making an application to any banking company 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) or to any other company or
institution, for issue of a credit card;
(m) payment of an amount of fifty thousand rupees or more to a Mutual Fund for
purchase of its units;
(n) payment of an amount of fifty thousand rupees or more to a company for
acquiring shares issued by it;
(o) payment of an amount of fifty thousand rupees or more to a company or an
institution for acquiring debentures or bonds issued by it;
(p) payment of an amount of fifty thousand rupees or more to the Reserve Bank of
India, constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of
1934) for acquiring bonds issued by it :]
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[Provided that where a person, making an application for opening an account referred
to in clause (c) and clause (f) of this rule, is a minor and who does not 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 said clause (c) and clause (f):
Provided further that any person who does not have a permanent account number and
who enters into any transaction specified in this rule, shall make a declaration in Form
No. 60 giving therein the particulars of such transaction.]