Permanent Account Number and General Index Register Number: mandatory quoting and declaration rules for specified taxable transactions and persons. Amendment of section 139A expands applicability by raising the monetary benchmark and authorises quoting the General Index Register Number until a Permanent Account Number is allotted. It adds GIN alongside PAN in various provisions, and empowers rulemaking to specify exempt classes, the form and manner of declarations where PAN or GIN is absent, the manner of quoting PAN or GIN for prescribed transactions, and the time and method for transmitting such transactions to the prescribed authority. An Explanation defines GIN as the Assessing Officer's index number with ward or circle particulars.
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Provisions expressly mentioned in the judgment/order text.
Permanent Account Number and General Index Register Number: mandatory quoting and declaration rules for specified taxable transactions and persons.
Amendment of section 139A expands applicability by raising the monetary benchmark and authorises quoting the General Index Register Number until a Permanent Account Number is allotted. It adds GIN alongside PAN in various provisions, and empowers rulemaking to specify exempt classes, the form and manner of declarations where PAN or GIN is absent, the manner of quoting PAN or GIN for prescribed transactions, and the time and method for transmitting such transactions to the prescribed authority. An Explanation defines GIN as the Assessing Officer's index number with ward or circle particulars.
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