Panchanama

This query is : Resolved 

16 October 2007 What is Panchanama?
What are all the duties of the assessee with regard to Panchanama?
I want to know the details of Panchanama.....

16 October 2007 sanskrit word panchnama means
PANCH MEANS RESPECTABLE PERSON.
NAMA MEANS WRITTEN STATEMENT OF TRANSACTIONS OR EVENTS.
A STATEMENT RECORDED IN THE PRESENCE OF RESPECTABLE PERSONS, USED IN CASE OF UN NATURAL DEATHS ETC.. AS CORROBORATIVE EVIDENCE UNDER SEC 157 OF INDIAN EVIDENCE ACT.
EVEN CRIMINAL PROCEDURE CODE RECOGNISES THE PANCHANAMA, THOUGH NO SPECIFIC SECTION IS AVAILBLE TO QUOTE.
PL. TYPE PANCHANAMA IN GOOGLE BAR. YOU GET A LOT OF USEFUL INFO.
R.V.RAO


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