Pan quoting
Pratick Datta (-) (71 Points)
21 September 2016
In case of withdrawal from saving account in excess of 50,000/- quoting pan is mandatory or not?
Pratick Datta (-) (71 Points)
21 September 2016
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 21 September 2016
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 21 September 2016
FCA surbhi jain
(FCA)
(897 Points)
Replied 21 September 2016
As per RBI rules for saving bank account,with effect from Jan1,2016 ...qouting of PAN is mandatory for cash deposits exceeding Rs.50000 at one go or Rs.5 lakh in a year with banks,post offices or NBFC's...
Thus ,there is no such mandation for withdrawl.
CAclubindia
