Pan over rs. 1 lakh purchase or sale
This query is : Resolved
Ravindra Jain
(Querist)
04 April 2015
Whether PAN will mandatory for ANY purchase or sale transaction over Rs.1 lakh - Applicable for ALL or .....?
CMA Ramesh Krishnan
(Expert)
04 April 2015
Yes. PAN is mandatory for purchase Over Rs.1 Lakh
Ravindra Jain
(Querist)
04 April 2015
Under which section & provision of Income Tax Act & Rules...
CMA Ramesh Krishnan
(Expert)
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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