Purchase of Gold above Rs.2Lakh
This query is : Resolved
03 June 2020
Sir/Madam,
I'm a student(Age 23),and I don't earn any income and therefore do not file IT return.
My uncle bought gold for Rs.2,10,000 for his daughters wedding and he gave my PAN.
Because they have already made many purchases and given their details and PAN,so the shopkeeper asked for another persons details(Name,address & PAN).
So they gave mine.
My father files his return.
Will it effect me or my father in anyway?
Also can you share any light on why the shopkeeper would ask for another PAN?
I'm a student(Age 23),and I don't earn any income and therefore do not file IT return.
My uncle bought gold for Rs.2,10,000 for his daughters wedding and he gave my PAN.
Because they have already made many purchases and given their details and PAN,so the shopkeeper asked for another persons details(Name,address & PAN).
So they gave mine.
My father files his return.
Will it effect me or my father in anyway?
Also can you share any light on why the shopkeeper would ask for another PAN?
14 June 2020
PAN details are asked to keep a track of the financial transactions of an assess by the Income Tax Department.
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