Pan required

132 views
User Avatar

14 Points Posted on 16 February 2021
My uncle is a business man. What is the threshold amount above which PAN is required from any Sundry creditors. please also quote the section under which it is done.

Thanks
0 Reply Share Follow
On 16 February 2021 at 19:33 Report
Replies (2)
Quick Summary
This discussion clarifies the threshold for requiring a PAN card from sundry creditors. It's generally understood that a PAN is needed for payments exceeding Rs 2 lakhs. While PANs are often linked to GSTN, confirming this requirement is still advisable for compliance.

User Avatar

SELF EMPLOYED
389 Points Posted on 16 February 2021
If the amount exceeds 2 lakhs
Reply
On 16 February 2021 at 19:38
User Avatar

Chartered Accountant
414 Points Posted on 16 February 2021
Pan these days are already in gstn of any creditor so no need to ask for PAN
Reply
On 16 February 2021 at 22:30

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST IDS Refund – Statement 01A: Invoice Not
  2. TDS deposit code & TDS return
  3. AIS VS GST Mismatch- FY 2025-26
  4. Gross total income
  5. Export Compliance
  6. Sale of plots in open land
  7. Income tax query
  8. Best CA Inter coaching in laxmi nagar
  9. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  10. Unregistered Association of Persons (AOP) Agreemen

More recent discussions | Post

Related Topics :

Loading