Pan over rs. 1 lakh purchase or sale

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Ravindra Jain (Querist)
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04 April 2015 Whether PAN will mandatory for ANY purchase or sale transaction over Rs.1 lakh - Applicable for ALL or .....?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 April 2015 Yes. PAN is mandatory for purchase Over Rs.1 Lakh

Ravindra Jain

Ravindra Jain (Querist)
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04 April 2015 Under which section & provision of Income Tax Act & Rules...

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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04 April 2015 It is union budget 2015, proposal by Finance minister. probably same will be incorporated in rule 114B once the finance act approved by President

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Pan over rs. 1 lakh purchase or sale

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