Transactions where Quoting of PAN made Compulsory [Section 139A (5) (c) and Rule 114B]

SL No.

Nature of transaction

Value of transaction

(1)

(2)

(3)

1.

Sale or purchase of a motor vehicle or vehicle, as defined in section 2(28) of the Motor Vehicles Act, 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, 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, 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 such transactions.

4.

Opening of a Demat Account with a depository, participant, custodian of securities or any other person registered under section 12(1A) of the Securities and Exchange Board of India Act, 1992.

All such transactions.

5.

Payment to a hotel or restaurant against a bill or bills at any one time.

Payment in cash of an amount exceeding Rs. 50,000

6.

Payment in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time.

Payment in cash of an amount exceeding Rs. 50,000

7.

Payment to a Mutual Fund for purchase of its units.

Amount exceeding Rs. 50,000.

8.

Payment to a company or an institution for acquiring debentures or bonds issued by it

Amount exceeding Rs. 50,000.

9.

Payment to the Reserve Bank of India. constituted under section 3 of The Reserve Bank of India Act. 1934 for acquiring bonds issued by it.

Amount exceeding Rs. 50,000.

10.

Deposit with, —

(i)   a banking company or a co-operative bank to which the Banking Regulation Act, 1949, applies (including any bank or banking institution referred to in section 51 of that Act);

(ii)  Post Office.

Cash deposits, —

(i)  exceeding Rs. 50,000. during any one day; or

(ii) aggregating to more than Rs. 2,50,000 during the period 9th November, 2016 to 30th Decem^ber, 2016.

11.

Purchase of bank drafts or pay orders or banker's cheques from a banking company or a co-operative bank to which the Banking Regulation Act, 1949, applies (including any bank or banking institution referred to in section 51 of that Act).

Payment in cash for an amount exceeding Rs. 50,000 during any one day.

12.

A time deposit with, —

(i)   a banking company or a co-operative bank to which the Banking Regulation Act, 1949, applies (including any bank or banking institution referred to in section 51 of that Act);

(ii)   a Post Office;

(iii)   © Nidhi referred to in section 406 of the Companies Act, 2013; or

(iv)   a non-banking financial company which holds a certificate of registration under section 45-IA of the Reserve Bank of India Act, 1934, to hold or accept deposit from public.

Amount exceeding Rs. 50,000 or aggregating to more than Rs. 5,00,000 during a financial year.

13.

Payment for one or more pre-paid payment instruments, as 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, to a banking company or a co-operative bank to which the Banking Regulation Act, 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 Rs. 50,000 in a financial year.

14.

Payment as life insurance premium to an insurer as defined in section 2(9) of the Insurance Act, 1938.

Amount aggregating to more than Rs. 50,000 in a financial year.

15.

A contract for sale or purchase of securities (other than shares) as defined in section 2(h) of the Securities Contracts (Regulation) Act, 1956.

Amount exceeding Rs. 1,00,000 per transaction.

16.

Sale or purchase, by any person, of shares of a company not listed in a recognised stock exchange.

Amount exceeding Rs. 1,00,000 per transaction.

17.

Sale or purchase of any immovable property.

Amount exceeding Rs. 10,00,000 or valued by stamp valuation authority referred to in section 50C of the Act at an amount exceeding ten lakh rupees.

I 8

Sale or purchase, by any person, of goods or services of any nature other than those specified at SI. No. 1 to 17 of this Table, if any.

Amount exceeding Rs. 2,00,000  per transaction: