# The Finance Act, 2019 (No. 2), Section 65: Amendment of section 272B

- Act: The Finance Act, 2019 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2019-no-2/section/65/

## Text

Amendment of section 272B 65. In section 272B of the Income-tax Act, with effect from the 1st day of September, 2019,— (a) | in sub-section (2),— (i) | for the words "permanent account number", the words "permanent account number or Aadhaar number, as the case may be," shall be substituted; (ii) | for the words "ten thousand rupees", the words "ten thousand rupees for each such default" shall be substituted; (b) | after sub-section (2), the following sub-sections shall be inserted, namely:— "(2A) If a person, who is required to quote his permanent account number or Aadhaar number, as the case may be, in documents referred to in sub-section (6A) of section 139A or authenticate such number in accordance with the provisions of the said sub-section, fails to do so, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees for each such default. (2B) If a person, who is required to ensure that the permanent account number or the Aadhaar number, as the case may be, has been,— (i) | duly quoted in the documents relating to transactions referred to in clause (c) of sub-section (5) or in sub-section (6A) of section 139A; or (ii) | duly authenticated in respect of transactions referred to under sub-section (6A) of that section, fails to do so, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees for each such default."; (c) | in sub-section (3), for the word, brackets and figure "sub-section (2)", the words, brackets, figures and letters "sub-section (2) or sub-section (2A) or sub-section (2B)" shall be substituted.

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