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        Income Tax

        Rule 159 - Transactions in relation to which Permanent Account Number is to be quoted or applied for purposes of section 262(1)(f) and 262(10)(c) and (e)

        Income-Tax Rules, 2026

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        Permanent Account Number compliance governs specified high-value transactions, with PAN quoting, Form No. 97 declarations, and verification duties. Permanent Account Number must be quoted in documents relating to specified high-value transactions, including credit card applications, account openings, deposits and withdrawals, securities, immovable property, insurance relationships, hospitality payments, and other goods or services above prescribed thresholds. Persons without PAN must apply for it in specified cases, while certain non-individuals and foreign companies must furnish Form No. 97. The receiving or issuing person must verify PAN, maintain records, and ensure linkage in information furnished to authorities.
                    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 compliance governs specified high-value transactions, with PAN quoting, Form No. 97 declarations, and verification duties.

                          Permanent Account Number must be quoted in documents relating to specified high-value transactions, including credit card applications, account openings, deposits and withdrawals, securities, immovable property, insurance relationships, hospitality payments, and other goods or services above prescribed thresholds. Persons without PAN must apply for it in specified cases, while certain non-individuals and foreign companies must furnish Form No. 97. The receiving or issuing person must verify PAN, maintain records, and ensure linkage in information furnished to authorities.


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