Class or classes of persons to whom provisions of section 139A shall not apply.

114C.   (1) The provisions of section 139A shall not apply to following class or classes of persons, namely :

             (a)   the persons who have agricultural income and are not in receipt of any other income chargeable to income-tax :

                      Provided that such persons shall make declaration in Form No. 61 in respect of transactions referred to in ⁴⁴[***] rule 114B;

             (b)   the non-residents referred to in clause (30) of section 2;

                      ⁴⁵[* * *]

        ⁴⁶[(c)   Central Government, State Governments and Consular Offices in transactions where they are the payers.]

(2) Every person including,

             (a)   a registering officer appointed under the Registration Act, 1908 (16 of 1908);

             (b)   a registering authority referred to in clause (b) of ⁴⁷[rule 114B];

              (c)   any manager or officer of a banking company referred to in clause (c) ⁴⁸[or clause (i) or clause (j)] ⁴⁹[or clause (l)] of ⁵⁰[rule 114B];

             (d)   post master;

              (e)   stock broker, sub-broker, share transfer agent, banker to an issue, trustee of a trust deed, registrar to issue, merchant banker, underwriter, portfolio manager, investment adviser and such other intermediaries registered under section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992);

              (f)   any authority or company receiving application for installation of a telephone by it;

             (g)   any person raising bills referred to in clause (h) ⁴⁸[or clause (k)] of ⁵⁰[rule 114B];

        ⁵¹[(h)   any person who purchases or sells the immovable property or motor vehicle;]

         ⁵²[(i)   the principal officer of a company referred to in clause (l) or clause (n) or clause (o) of rule 114B;

               (j)   the principal officer of an institution referred to in clause (l) or clause (o) of rule 114B;

              (k)   any trustee or any other person duly authorised by the trustee of a Mutual Fund referred to in clause (m) of rule 114B;

               (l)   an officer of the Reserve Bank of India, constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934),]

⁵³[who has received any document relating to a transaction specified in rule 114B shall ensure after verification that permanent account number has been duly and correctly quoted therein.]