Rule 114B. Every person shall quote his permanent account number (PAN) in all documents pertaining to the transactions specified below, namely:

  • sale or purchase of any immovable property valued at five lakh rupees or more;
  • sale or purchase of a motor vehicle or vehicle (excluding two wheeled vehicles, side-car having an extra wheel);
  • a time deposit, exceeding fifty thousand rupees, with a banking company;
  • a deposit, exceeding fifty thousand rupees, in any account with Post Office Savings Bank;
  • opening an account or applying for a credit/debit card with a banking company;
  • making an application for installation of a telephone connection (including a cellular telephone connection);
  • payment in cash for purchase of bank drafts or pay orders or bankers cheques from a banking company for an amount aggregating fifty thousand rupees or more during any one day;
  • deposit in cash aggregating fifty thousand rupees or more, with a banking company during any one day;
  • payment of an amount of fifty thousand rupees or more towards investment in a Mutual Fund/shares of a company/bonds or debentures.
  • With effect from 1st July, 2011 the following shall also be included:

Payment to a person authorised in respect of foreign exchange dealings under FEMA.
Payment of premium on life insurance policy exceeding Rs. 50,000.
Payment to a dealer exceeding Rs. 5 lakh at a time or for bill of bullion or jewelery of Rs. 5 lakh or more.
Section 139A(5) every person shall quote his PAN:

  • in all his returns/forms/correspondence with, any income-tax authority;
  • in all challans for the payment of any sum due under this Act;
  • intimate the Assessing Officer any change in his address or in the name and nature of his business on the basis of which the permanent account number was allotted to him.

Every deductee, i.e. every person receiving any sum or income or amount from which tax has been deducted, shall intimate his permanent account number to the deductor.
Every deductor, i.e. every person deducting tax shall quote the permanent account number of the person to whom such sum or income or amount has been paid by him in:
(i) Forms 16 and 12BA
(ii) Form 16A
(iii) All TDS/TCS returns prepared and delivered
Every buyer or licensee or lessee from whom Tax is being Collected at Source (TCS) shall intimate his PAN to the person responsible for collecting tax referred to in that section.
Every person collecting tax at source shall quote the PAN of every buyer or licensee or lessee, in all:

  • certificates
  • returns of TCS
  • quarterly statements