Section 139 - Transitioning Current Taxpayers to New System
This section outlines the process for transitioning existing taxpayers to a new registration system. Starting from a specified date, all individuals who are currently registered under existing tax laws and have a valid Permanent Account Number (PAN) will receive a provisional registration certificate. This provisional certificate is subject to certain conditions, and if these conditions are not met, the certificate may be canceled unless it is replaced by a final registration certificate. The final registration certificate will be issued according to prescribed conditions and procedures. Additionally, if a person applies to cancel their provisional registration because they were not required to register under the specified sections of the law, it will be considered as if the provisional registration was never issued. This process ensures that all current taxpayers are smoothly migrated to the new system while maintaining compliance with the law.
Note: It is an AI generated summary for reference purpose only.
139. Migration of existing taxpayers
(1) On and from the appointed day, every person registered under any of the existing laws and having a valid Permanent Account Number shall be issued a certificate of registration on provisional basis, subject to such conditions and in such form and manner as may be prescribed , which unless replaced by a final certificate of registration under sub-section (2), shall be liable to be cancelled if the conditions so prescribed are not complied with.
(2) The final certificate of registration shall be granted in such form and manner and subject to such conditions as may be prescribed.
(3) The certificate of registration issued to a person under sub-section (1) shall be deemed to have not been issued if the said registration is cancelled in pursuance of an application filed by such person that he was not liable to registration under section 22 or section 24.
