Cash transaction limit for gold

my client wants to purchase gold below 2 lakhs amount in a financial year which amounts to 5 lakhs. will he submit PAN NUMBER
Replies (3)
Quick Summary
This discussion clarifies the rules around cash transactions for gold purchases. It addresses whether a PAN card is required if a client intends to purchase gold below £2 lakh in a financial year, potentially totalling £5 lakh over multiple transactions. The advice given is that a PAN card is indeed required if previous purchases were also made in cash.

Yes, if the earlier purchases were also in cash mode.

Yes, required to submit

In protest against ADMIN for its discriminatory behavior among different members, I leave the portal permanently.  Good Bye.  

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