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Pan card in nri case - urgent basis

This query is : Resolved 

21 August 2013 Dear Sir,

Thank for your reply in advance


Is it mandatory to hold a PAN Card in NRI case.

Even he purchase a property in India, being a NRI.

plz revert in Urgent basis with complete discription

21 August 2013 PAN is mandatory if the purchase value is Rs. 50/- lakhs or more. Refer section 194IA of the Income tax Act,1961 and form 26QB.


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