Pan for sale above 1 lac
This query is : Resolved
Elroy Joseph Lewis
(Querist)
02 November 2015
Dear Experts,
In the current budget, the Govt. came up with a new rule to curb black money by making it mandatory to quote PAN for Sales or Purchases above Rs. 1 Lac.
Here I want to know, whether this limit of Rs. 1 Lac is for a single transaction? or for a single day? or for a single party in a year?
Please Guide
Elroy
In the current budget, the Govt. came up with a new rule to curb black money by making it mandatory to quote PAN for Sales or Purchases above Rs. 1 Lac.
Here I want to know, whether this limit of Rs. 1 Lac is for a single transaction? or for a single day? or for a single party in a year?
Please Guide
Elroy
06 November 2015
It has yet to be notified by amendment in IT rules.
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