Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Permanent Account Number verification rules govern specified transactions and require Form 60 compliance and record linking. Verification of Permanent Account Number is required by specified persons receiving or issuing documents for transactions covered by rule 114B. After verification, they must ensure that PAN is duly and correctly mentioned, or that Form 60 is furnished with complete particulars. Persons raising specified bills must also verify PAN or Form 60 and record the relevant details in transaction records. The valid PAN or Form 60 particulars must be linked and reflected in information furnished to the income-tax authority or any other authority or agency under the Act or rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Permanent Account Number verification rules govern specified transactions and require Form 60 compliance and record linking.
Verification of Permanent Account Number is required by specified persons receiving or issuing documents for transactions covered by rule 114B. After verification, they must ensure that PAN is duly and correctly mentioned, or that Form 60 is furnished with complete particulars. Persons raising specified bills must also verify PAN or Form 60 and record the relevant details in transaction records. The valid PAN or Form 60 particulars must be linked and reflected in information furnished to the income-tax authority or any other authority or agency under the Act or rules.
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