Pan card compulsory on sale above.
This query is : Resolved
CA.Ritu Agarwal
(Querist)
28 May 2015
What are the current status of the provision of compulsory taking pan card on sale of above 1 laks
29 May 2015
It is yet to be notified.
CA.Ritu Agarwal
(Querist)
29 May 2015
But...I heard it is effective from 1st June..
29 May 2015
Finance Act 2015 has now become an Act and some provisions are effective from June 2015. But this PAN rule is contained in rule 114B of income tax rules and any change in the same will be notified by way of a notification and to the best of my knowledge and information no such notification has been issued so far.
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