Rule-114BB Quoting of PAN or Aadhaar Numbe
Rule-114BB
As per new income tax rule-114BB (Notification No. 53/2022), Every person shall, at the time of entering into a transaction for depositing or withdrawing cash over Rs 20 lakh in a financial year or opening of a current account. shall quote his permanent account number or Aadhaar number, as the case may be, in documents pertaining to such transaction, and every officer of respective department who receives such document, shall ensure that the said number has been duly quoted and authenticated.
Following is the list of transactions in which an individual require to furnishing the Permanent Account Number (PAN) or Aadhaar number.
| Nature of transaction | Respective Office | Person |
| Every person shall quoting of PAN or Aadhar number while cash deposit or deposits aggregating to twenty lakh rupees or more in a financial year, in one or more account of a person with, |
(i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies. (ii) Post Office |
(i) Bank Manager or respective officer of a banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies. (ii) Post Master General as referred to in clause (j) of section 2 of the Indian Post Office Act, 1898 |
| Every person shall quoting of PAN or Aadhar number while cash withdrawal or withdrawals aggregating to twenty lakh rupees or more in a financial year, in one or more account of a person with, |
(i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies. (ii) Post Office |
(i) Bank Manager or respective officer of a banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies. (ii) Post Master General as referred to in clause (j) of section 2 of the Indian Post Office Act, 1898 |
| Every person shall quoting of PAN or Aadhar number while opening of a current account or cash credit account by a person with, |
(i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies. (ii) Post Office |
(i) Bank Manager or respective officer of a banking company or a co-operative bank to which the Banking Regulation Act, 1949 applies. (ii) Post Master General as referred to in clause (j) of section 2 of the Indian Post Office Act, 1898 |