Quoting of pan for certain transactions
This query is : Resolved
19 January 2012
Quoting PAN is mandatory for cash deposits exceeding Rs 50,000/-.My query is whether PAN of payee(i.e in whose accounts money is deposited) or depositor is to be quoted?????I believe intention of legislature is to track depositor and not payee bcoz payee's PAN is already with bank.Please clarify with reasons...
19 January 2012
Depositor's PAN has to be quoted.
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