maximum fd without pan
This query is : Resolved
17 April 2010
Q-1 I want to know that what is maximum amount i can made in bank fd without PAN?
Q-2 I want to made deposit in fd without PAM of Rs 80,000 can i make two fds of rs 40,000 and rs 40,000 with different applications but under same cutomer id ,same bank and same branch?
thanks in advance
Q-2 I want to made deposit in fd without PAM of Rs 80,000 can i make two fds of rs 40,000 and rs 40,000 with different applications but under same cutomer id ,same bank and same branch?
thanks in advance
CA. Ashish Bihani
(Expert)
17 April 2010
Dear Rajat,
Ans. 1 - Rs.50,000/- is the maximum limit of deposit without PAN as per Income Tax Rules.
Ans. 2 - In my opinion, the same could be allowed.
Lets seek other experts clarification on the same.
Ans. 1 - Rs.50,000/- is the maximum limit of deposit without PAN as per Income Tax Rules.
Ans. 2 - In my opinion, the same could be allowed.
Lets seek other experts clarification on the same.
Message likes :
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17 April 2010
Agreed on above :)
Message likes :
1 times
17 April 2010
You can create two for sure.
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