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Income–tax (22nd Amendment) Rules, 2015
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....ub-section (5) of section 139A.- Every person shall quote his permanent account number in all documents pertaining to the transactions specified in the Table below, namely:- TABLE Sl.No. Nature of transaction Value of transaction (1) (2) (3) 1. Sale or purchase of a motor vehicle or vehicle, as defined in clause (28) of section 2 of the Motor Vehicles Act, 1988 (59 of 1988) which requires registration by a registering authority under Chapter IV of that Act, other than two wheeled vehicles. All such transactions. 2 Opening an account [other than a time-deposit referred to at Sl. No.12 and a Basic Savings Bank Deposit Account] with a banking company or a cooperative 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). All such transactions. 3. Making an application to any 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) or to any other company or institution, for issue of a credit or debit card. All suc....
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....s defined in the policy guidelines for issuance and operation of pre-paid payment instruments issued by Reserve Bank of India under section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007), to 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) or to any other company or institution. Payment in cash or by way of a bank draft or pay order or banker's cheque of an amount aggregating to more than fifty thousand rupees in a financial year. 14. Payment as life insurance premium to an insurer as defined in clause (9) of section 2 of the Insurance Act, 1938 (4 of 1938). Amount aggregating to more than fifty thousand rupees in a financial year. 15. A contract for sale or purchase of securities (other than shares) as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956). Amount exceeding one lakh rupees per transaction. 16. Sale or purchase, by any person, of shares of a company not listed in a recognised stock exchange. Amount exceeding one lakh rupees per transaction.....
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....ehicle; (c) a manager or officer of a banking company or co-operative bank, as the case may be, referred to at Sl. No. 2 or 3 or 10 or 11 or 12 or 13 of rule 114B; (d) post master; (e) stock broker, sub-broker, share transfer agent, banker to an issue, trustee of a trust deed, registrar to issue, merchant banker, underwriter, portfolio manager, investment adviser and such other intermediaries registered under sub-section (1) section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (f) a depository, participant, custodian of securities or any other person registered under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) referred to at Sl. No. 4 of rule 114B; (g) the principal officer of a company referred to at Sl. No. 3 or 4 or 8 or 12 or 13 or 15 or 16 of rule 114B; (h) the principal officer of an institution referred to at Sl. No. 2 or 3 or 8 or 10 or 11 or 12 or 13 of rule 114B; (i) any trustee or any other person duly authorised by the trustee of a Mutual Fund referred to at Sl. No. 7 of rule 114B; (j) an officer of the Reserve Bank ....
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....ause (i) of sub-rule (1) shall be verified- (a) in a case where the person furnishing the statement is an assessee as defined in clause (7) of section 2 of the Act, by a person specified in section 140 of the Act; (b) in any other case, by the person referred to in rule 114C. 114E. Furnishing of statement of financial transaction.- (1) The statement of financial transaction required to be furnished under sub-section (1) of section 285BA of the Act shall be furnished in respect of a financial year in Form No. 61A and shall be verified in the manner indicated therein. (2) The statement referred to in sub-rule (1) shall be furnished by every person mentioned in column (3) of the Table below in respect of all the transactions of the nature and value specified in the corresponding entry in column (2) of the said Table in accordance with the provisions of sub-rule (3), which are registered or recorded by him on or after the 1st day of April, 2016, namely:- TABLE Sl.No. Nature and value of transaction Class of person (reporting person) (1) (2) (3) 1. (a) Payment made in cash for purchase of bank drafts or pay orders or banker's cheque ....
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....hat Act) or any other company or institution issuing credit card. 5. Receipt from any person of an amount aggregating to ten lakh rupees or more in a financial year for acquiring bonds or debentures issued by the company or institution (other than the amount received on account of renewal of the bond or debenture issued by that company). A company or institution issuing bonds or debentures. 6. Receipt from any person of an amount aggregating to ten lakh rupees or more in a financial year for acquiring shares (including share application money) issued by the company. A company issuing shares. 7. Buy back of shares from any person (other than the shares bought in the open market) for an amount or value aggregating to ten lakh rupees or more in a financial year. A company listed on a recognised stock exchange purchasing its own securities under section 68 of the Companies Act, 2013 (18 of 2013). 8. Receipt from any person of an amount aggregating to ten lakh rupees or more in a financial year for acquiring units of one or more schemes of a Mutual Fund (other than the amount received on account of transfer from one scheme to another scheme of that Mutua....
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.... and Criminal Investigation) or the Joint Director of Income-tax (Intelligence and Criminal Investigation) through online transmission of electronic data to a server designated for this purpose under the digital signature of the person specified in sub-rule (7) and in accordance with the data structure specified in this regard by the Principal Director General of Income-tax (Systems): Provided that in case of a reporting person, being a Post Master General or a Registrar or an Inspector General referred to in sub-rule (2), the said return in Form 61A may be furnished in a computer readable media, being a Compact Disc or Digital Video Disc (DVD), alongwith the verification in Form-V on paper. Explanation.-For the purposes of this sub-rule, "digital signature" means a digital signature issued by any Certifying Authority authorised to issue such certificates by the Controller of Certifying Authorities. (b) Principal Director General of Income-tax (Systems) shall specify the procedures, data structures and standards for ensuring secure capture and transmission of data, evolving and implementing appropriate security, archival and retrieval policies. (c) The Board may designa....
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.... transaction referred to in sub-rule (1) shall be signed, verified and furnished by the Designated Director specified in sub-rule (6): Provided that where the reporting person is a non-resident, the statement may be signed, verified and furnished by a person who holds a valid power of attorney from such Designated Director". 3. In the said rules, in Appendix-II, for "Forms 60, 61 and 61A" the following "Forms 60, 61 and 61A" shall respectively be substituted, namely:- FORM NO. 60 [See second proviso to rule 114B] Form for declaration to be filled by an individual or a person (not being a company or a firm) who does not have a permanent account number and who enters into any transaction specified in rule 114B. 1 First Name 2 Date of Birth/Incorporation of declarant Middle Name D D M M Y Y Y Y Surname &n....
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....sp; b Other than agricultural income (Rs.) 23 Details of document being produced in support of identify in column 1 (Refer instruction overleaf). Document Code. Document identification number. Name and address of the authority issuing the document. 24 Details of document being produced in support of address in columns 4 to 13 (Refer Instruction overleaf). Document Code. Document identification number. Name and address of the authority issuing the document. Verification I, __________________________________ do hereby declare that what is stated above is true to the best of my knowledge and belief. I further declare that I do not have a Permanent Account Number and my/our estimated total income (including income of spouse, minor child etc. as per section 64 of Income-tax Act, 1961) computed in accordance with the provisions of Income-tax Act, 1961 for the financial year. Verified today, the ___________________ day of __________ 20 _____ Place: ______________ &nb....
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.... Yes 9 Caste or domicile certificate bearing photo of the person 09 Yes Yes 10 Certificate of identity/address signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer as per annexure A prescribed in Form 49A 10 Yes Yes 11 Certificate from employer as per annexure B prescribed in Form 49A 11 Yes Yes 12 Kisan passbook bearing photo 12 Yes No 13 Arm's license 13 Yes No 14 Central Government Health Scheme/Ex-servicemen Contributory Health Scheme card 14 Yes No 15 Photo identity card issued by the government/ Public sector undertaking 15 Yes No 16 Electricity bill (not more than 3 months old) 16 No Yes 17 Landline Telephone bill (Not more than 3 months old) 17 No Yes 18 Water bill (Not more than 3 months old) 18 No Yes 19 Consumer gas card/book or piped gas bill (Not more than 3 months old) 19 No Yes 20 Bank account statement ( Not more t....
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....nbsp; PART A: STATEMENT DETAILS (This information should be provided for each Statement submitted together) A.1 REPORTING PERSONAL DETAILS A1.1 Reporting Person name A1.2 Income-tax Department Reporting Entity Identification A1.3 Registration number A.2 STATEMENT DETAILS A.2.1 Statement Type Insert 2 character code A.2.2 Statement Number A.2.3 Original Statement Id A.2.4 Reason for correction Insert 1 character code A.2.5 Statement Date A.2.6 Reporting Period A.2.7 Number of Reports A.3 PRINCIPLE OFFICER DETAILS A.3.1 Officer Name A.3.2 Officer Designation A.3.3 Address A.3.....
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.... circumstances, so the validation will be based rule based. Optional An optional element specified in form. May be reported if available. SPECIFIC INSTRUCTIONS S. No. Element Description Requirement A.1.1 Reporting Person Name. Complete name of the reporting person. Validation A.1.2 ITDREIN (Income-tax Department Reporting Entity Identification Number). ITDREIN is the Unique ID issued by ITD which will be communicated by ITD after the registration of the reporting entity with ITD. The ITDREIN is a 16-character identification number in the format XXXXXXXXXX.YYYYY where XXXXXXXXXX is the PAN or TAN of the reporting entity and YYYYY is a sequentially generated number. The reporting Entity may use a dummy number (PAN+99999 or TAN+99999) till the ITDREIN is communicated. Validation A.1.3 Registration Number. This number is the registration number or any number used in correspondence with the regulator of the financial institution. This number will be used during verification of the registration of the reporting entity and in correspondence with the regulators. (Optional) Mandatory A.2.1 Statement Type. Type of Statement s....
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..... Validation. A.3.1 Designated Director/Nodal Officer Name. Name of the Designated Director or Nodal officer of the statement filer. Validation. A.3.2 Designated Director/Nodal Officer Designation. Designation of the Designated Director or Nodal Officer in the organisation of statement filer. Validation. A.3.3 Address. Complete address of the nodal officer consisting of house number, building name, street, locality, city, state, Postal Code and country. Validation. A.3.4 City City Town. Name of City, Town or Village. Validation. A.3.5 Postal Code. In case of India, the 6 digit Pin code as India Posts has to be mentioned. In case of countries outside, respective code may be used. If Pin code is not available, use XXXXXX. Validation. A.3.6 State Code. The two digit state code has to be mentioned as per Indian Motor Vehicle Act 1988. If state code is not available, use XX. Validation. A.3.7 Country Code. The Country Code as per ISO 3166 has to be mentioned. As IN for India. If Country Code is not available, use XX. Validation. A.3.8 Telephone. Telephone number in format STD Code-Telephone n....
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....Member of Parliament or Member of Legislative Assembly or Municipal Councillor or a Gazetted Officer as per annexure A prescribed in Form 49A. 11-Certificate from employer as per annexure B prescribed in Form 49A. 12-Kisan passbook bearing photo. 13-Arm's license. 14-CGHS/ECHS card. 15-Photo identity card issued by the govt./PSU 16- Copy of trust deed or copy of certificate of registration issued by Charity Commissioner. 17-Copy of Agreement or copy of certificate of registration issued by Charity commissioner or Registrar of Cooperative society or any other competent authority or any other document originating from any Central or State Government Department establishing identity and address of such person. Validation. B.2.7 Identification number. The Identification number of the document produced in support of Identity. Validation. B.2.8 Address. Complete address of the person consisting of house number, building name, street, locality, city, state, Postal Code and country. Validation. B.2.9 City / Town. Name of City, Town or Village. (Optional) Mandatory. B.2.10 Postal Code. In case of India, the 6 digit Pin ....
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.... B.3.5 Transaction Mode. Permissible values are: 01-Cash 02-Cheue. 03-Card. 04-Draft/Bankers Cheque. 05-Online transfers. 06-Others. Validation. FORM No. 61A [See rule 114E] Statement of Specified Financial Transactions under section 285BA(1) of the Income-tax Act, 1961 PART A: STATEMENT DETAILS (This information should be provided for each Statement submitted together) A.1 REPORTING ENTITY DETAILS A1.1 Reporting entity name A1.2 Income-tax Department Reporting Entity Identification Number A1.3 Registration number A.2 STATEMENT DETAILS A.2.1 Statement Type Insert 2 character code A.2.2 Statement Number A.2.3 Original Statement Id A.2.4 Reason for correction Insert 1 character code....
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....2 character code B.3.2 Aggregate gross amount received from the person B.3.3 Aggregate gross amount received from the person in cash B.3.4 Aggregate gross amount paid to the person B.3.5 Remarks B.4 FINANCIAL PRODUCT DETAILS (To be provided for each distinctive product) B.4.1 Product Identifier B.4.2 Last Date of Transaction B.4.3 Aggregate gross amount received from the person B.4.4 Aggregate gross amount received from the person in cash B.4.5 Aggregate gross amount paid to the person B.4.6 Related Account Number B.4.7 Related Institution Name B.4.8 Related Institution Ref Number B.4.9 Remarks PART C: REPORT DETAILS FOR BANK/POST OFFICE ACCOUNT (This information should be provided for each Account being reported) C.1 REPORT NUMBER (To be provided for each account being reported) C.1.1 Report Serial Number C.1.2 Original Report Serial Number C.2 ACCOUNT DETAILS C.2.1 Account Type In....
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....OPERTY TRANSACTIONS (This information should be provided for each Transaction being reported) C.1 REPORT NUMBER (To be provided for each transaction being reported) C.1.1 Report Serial Number C.1.2 Original Report Serial Number C.2 TRANSACTION DETAILS C.2.1 Transaction Date C.2.2 Transaction Identity C.2.3 Transaction Type Insert 1 character code C.2.4 Transaction Amount C.2.5 Property Type Insert 1 character code C.2.6 Whether property is within municipal limits Insert 1 character code C.2.7 Property address C.2.8 City /Town C.2.9 Postal Code C.2.10 State Code Insert 2 character code C.2.11 Country Code Insert 2 character code C.2.12 Stamp Value C.2.13 Remarks C.4 PERSON DETAILS (To be provided for each person related to the transactions) D.3.1 Transaction Relation Insert 1 character code D.3.2 Transaction A....
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.... ITDREIN is the Unique ID issued by ITD which will be communicated by ITD after the registration of the reporting entity with ITD. The ITDREIN is a 16 character identification number in the format XXXXXXXXXX.YYYYY where XXXXXXXXXX is the PAN or TAN of the reporting entity and YYYYY is a sequentially generated number. The reporting Entity may use a dummy number (PAN+99999 or TAN+99999) till the ITDREIN is communicated. Validation. A.1.3 Registration Number. This number is the registration number or any number used in correspondence with the regulator of the financial institution. This number will be used during verification of the registration of the reporting entity and in correspondence with the regulators. (Optional) Mandatory. A.2.1 Statement Type Type of Statement submitted. Permissible values are: NB - New Statement containing new information CB - Correction Statement containing corrections for previously submitted information TD - Test Data ND - No Data to report One Statement can contain only one type of Statement. Even if missing information has to be supplied, the complete report has to be subm....
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.... Father's Name (for individuals). Name of the father (if available). Mandatory if valid PAN is not reported. (Optional) Mandatory. B.2.6 PAN. Permanent Account Number issued by Income Tax Department. (Optional) Mandatory. B.2.7 Aadhaar Number (for individuals). Aadhaar number issued by UIDAI (if available). (Optional) Mandatory. B.2.8 Form 60 Acknowledgment. Form 60 Acknowledgment number, if applicable. (Optional) Mandatory. B.2.9 Identification Type. Document submitted as proof of identity of the individual. Permissible values are: A - Passport B - Election Id Card C - PAN Card D - ID Card issued by Government/PSU E - Driving License G - UIDAI Letter / Aadhaar Card H - NREGA job card Z - Others Mandatory if valid PAN is not reported. (Optional) Mandatory. B.2.10 Identification Number. Number mentioned in the identification document Mandatory if valid PAN is not reported. (Optional) Mandatory. B.2.11 Date of birth/Incorporation. ....
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....Credit Card FC - Foreign Currency sale MF- Mutual Fund SI - Shares issued SB- Shares bought back TD- Time Deposit XX - Unspecified. (Optional) Mandatory. B.3.2 Aggregate gross amount received from the person. Aggregate gross amount received from the person (including in cash, if any) during the period. (Optional) Mandatory. B.3.3 Aggregate gross amount received from the person in cash. Aggregate gross amount received from the person in cash during the period. (Optional) Mandatory. B.3.4 Aggregate gross amount paid to the person. Aggregate gross amount paid to the person during the period. (Optional) Mandatory. B.3.5 Related Account Number. Account number (if available) from/to which funds was transferred. Optional. B.3.6 Related Institution Name. Name of the institution (if available) from / to which funds were transferred. Optional. B.3.7 Related Institution Ref Number. Institution reference number of the institution (if available) from / to which funds were transferred. Optional. B.3.8 Remarks. Remarks or an....
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....d by the financial institution to identify the account. If the financial institution does not have an account number then provide the functional equivalent unique identifier used by the financial institution to identify the account. Validation. C.2.3 Account Holder Name. Name of first/sole account holder. Validation. C.2.4 Account Status. Status of the account. Permissible values are: A - Active: Account is in regular use C - Closed: Account is closed during the financial year Z - Others: Not listed above X - Not categorized: The information is not available. Validation. C.2.5 Branch Reference Number. The unique number (IFSC code etc.) to uniquely identify the branch. Reporting Financial Institution can use self generated numbers to uniquely identify the branch. Validation. C.2.6 Branch Name. Name of Branch linked to the account. This could be the home or linked branch. Validation. C.2.7 Branch Address. Complete address of the branch consisting of house number, building name, street, locality, city, state, Postal Code and country. Validation. C.2.8 ....
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....ng entity (if available). (Optional) Mandatory. C.4.5 Gender (for individuals). Permissible values are: M - Male F - Female O - Others N - Not Applicable (for entities) X - Not Categorised. Validation. C.4.6 Father's Name (for individuals). Name of the father (if available). Mandatory if valid PAN is not reported. (Optional) Mandatory. C.4.7 PAN. Permanent Account Number issued by Income Tax Department. (Optional) Mandatory. C.4.8 Aadhaar Number (for individuals). Aadhaar number issued by UIDAI (if available). (Optional) Mandatory. C.4.9 Form 60 Acknowledgment. Form 60 Acknowledgment number, if applicable. (Optional) Mandatory. C.4.10 Identification Type. Document submitted as proof of identity of the individual. Permissible values are: A - Passport B - Election Id Card C - PAN Card D - ID Card issued by Government/PSU E - Driving License G - UIDAI Letter / Aadhaar Card H - NREGA job card Z - Others Mandatory if valid PAN is not reported. (Optional) Mandatory. C.4.11 Identification Number.  ....
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.... Details for Immovable Property. This part is to be reported for Immovable property transactions. D.1.1 Report Serial Number. The number uniquely represents a report within a Statement. The Report Serial Number should be unique within the Statement. This number along with Statement ID will uniquely identify any report received by ITD. Validation. D.1.2 Original Report Serial Number The Report Serial Number of the original report that has to be replaced or deleted. This number along with Original Statement ID will uniquely identify the report which is being corrected. In case there is no correction of any report, mention '0' here. Validation. D.2.1 Transaction Date. Date of transaction. The data format is DD/MM/YYYY. Validation. D.2.2 Transaction ID. Unique ID to identify transaction, if available. (Optional) Mandatory. D.2.3 Transaction Type. Permissible values are: SP - Sale GF - Gift AG - Agreement to Sell PR - Partition ST - Settlement RL - Relinquishment ER - Extinguishment of any right in the asset CA - Compulsory acquisition TP - Transfer as....
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.... D.3.4 Person Type. The permissible values are: IN - Individual SP- Sole Proprietorship PF- Partnership Firm HF - HUF CR - Private Limited Company CB - Public Limited Company SO - Society AO - Association of persons/Body of individuals TR - Trust LI - Liquidator LL - LLP ZZ - Others XX - Not Categorised. Validation. D.3.5 Gender (for individuals). Permissible values are: M - Male F - Female O - Others N - Not Applicable (for entities) X - Not Categorised. Validation. D.3.6 Father's Name (for individuals). Name of the father (if available) Mandatory if valid PAN is not reported. (Optional) Mandatory. D.3.7 PAN. Permanent Account Number issued by Income Tax Department. (Optional) Mandatory. D.3.8 Aadhaar Number (for individuals). Aadhaar number issued by UIDAI (if available). (Optional) Mandatory. D.3.9 Form 60 Acknowledgment. Form 60 Acknowledgment number, if applicable. (Optional) Mandatory. D.3.10 Identification Type. Document submitted as proof of identity of the individual. Permissible valu....