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Which person pan card no. quoted in transact

Arpit (article) (116 Points)

17 March 2014

i want to deposit more than 50000 in another person account than which person pan number required to quote. the person who deposit or the person in which account deposit.

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7 Replies

RAVINDIRAN (Tax Practitoner) (106 Points)
Replied 17 March 2014

ya! me too have the same doubt. once i approached the banker he said you should quote account holder's PAN No. But, its quite confusing, b'coz they already have the PAN no. their database.

CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
Replied 17 March 2014

Person making transaction are required to put PAN No of his. it means if u r doing transaction u have to put ur PAN No not the person in which account the amount is being deposited.

CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
Replied 17 March 2014

/mobile/experts/pan-to-remit-cash-of-rs-50-000-more-9411.asp sory for my earlier post. go to.this link.

CA ARUN AGRAWAL (AUDIT MANAGER) (59 Points)
Replied 17 March 2014

You have to quote pan no of account holder

Ali Shamsi (salaried) (49 Points)
Replied 18 March 2014

U have to quote pan no. Of account holder in which u r depositing cash

sunit gupta (bcom) (22 Points)
Replied 19 March 2014

U have to mentioned the pan no of depositing person nt yrs

viraj (CMA) (34 Points)
Replied 19 March 2014

A person who deposited amt 50000... It must neccesary for pan no... And when the person a/c Holder widraw these amt 50000 it must have pan card... So moral is... Whene any person transiting 50000 amt .. Its compulsury to showing a pan card... So dont confuce