A tenant is concerned about their monthly cash payments of around £20,000 to their society association being linked to their PAN card, as the accountant holds their details. The advice given is that amounts under £50,000 do not require a PAN card, so the tenant should be fine in this instance.
07 February 2022
in my residential apartment tenant is depositing electricity and maintenance charges monthly 20000 something through cash in society association bank account. this will link to my pan card? because society accountant has my pan card? or there is no such facility and i will be okay?