Rule

Subject

Effective from

114B

Transactions in relation to which permanent account number is to be quoted in all documents for the purpose of clause (c) of sub-section (5) of section 139A

01-01-2016

114C

Verification of Permanent Account Number in transactions specified in rule 114B

01-01-2016

114D

Time and manner in which persons referred to in rule 114C shall furnish a statement containing particulars of Form No. 60

01-01-2016

114E

Furnishing of statement of financial transaction in Form-61A

01-04-2016

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 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).

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) 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 sub-section (1A) of section 12 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 fifty thousand rupees

6

Payment in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time
Note: it includes payment towards fare, or to a travel agent or a tour operator, or to an authorised person as defined in FEMA-1999

Payment in cash of an amount exceeding fifty thousand rupees

7

Payment to a Mutual Fund for purchase of its units.

Amount exceeding fifty thousand rupees

8

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

Amount exceeding fifty thousand rupees

9

Payment to the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934) for acquiring bonds issued by it

Amount exceeding fifty thousand rupees

10

Deposit with 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)

Deposits in cash exceeding fifty thousand rupees during any one day

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 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act)

Payment in cash for an amount exceeding fifty thousand rupees 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 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act);  (ii) a Post Office; (iii) a 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 (2 of 1934), to hold or accept deposit from public.

Amount exceeding fifty thousand rupees or  aggregating  to  more  than  five  lakh rupees 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 (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  50000 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

17

Sale or purchase of any immovable property

Amount  exceeding  ten  lakh  rupees  or valued by stamp valuation authority referred to in section 50C of the Act at an amount exceeding ten lakh rupees

18

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

Amount exceeding two lakh rupees per transaction