Want to know,During purcase/sale of Agriculture land is it necessary to submit PAN ? Or is there any limitaions? Is such purchase or sales are noticed by the IT dept ?
JAYA KUMAR (ACCOUNTANT) (42 Points)
14 December 2013Want to know,During purcase/sale of Agriculture land is it necessary to submit PAN ? Or is there any limitaions? Is such purchase or sales are noticed by the IT dept ?
Mihir
(Wealth Manager)
(5293 Points)
Replied 14 December 2013
All purchase / sales agreement of immoveable property above Rs. 100/- needs to be duly registered. I think PAN copy too is to be attached with the document during registration.
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