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mentioning of PAN

Others 645 views 4 replies

kindly tell when mentioning of PAN is mandatory in case of investment in securities

  • when value exceeds 5 lacs     OR
  • when value exceeds 10 lacs   
Replies (4)

In future PAN would be recognized  as a national identity card.

.

Investment in mutual fund of Rs.50,000 are also requires to quote PAN. 

.

Hence no question of difference in Rs. 5 lacs or Rs. 10 lacs. 

Yes, for on line mutual fund investor from 1.10.2010 , submission of PAN Card has become mandatory

under the "KYC Norms.

thank you sir....kindly also tell that in case of  shares  when do we require to mention PAN no.

To acquire shares, you can have to open one account with share broker and a D-mat Account with a depository.

 

In both the cases you are required to submit the PAN card photo copy whether you deal actually in shares or not.


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