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Query 20211017 on Income Tax

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Venkat

76 Points Posted on 17 October 2021

Hi ! ,

Do registration of immovable property less than ₹ 50 lacs require PAN card of Buyer & Seller..

If so , for what purpose is it required ?

Regards

Venkat

Replies (3)

Quick Summary

This discussion clarifies the requirement of PAN cards for immovable property registrations, even for transactions under ₹50 lakhs. Both buyer and seller need to provide their PAN for the property to be registered in the buyer's name and for stamp duty payments. The consensus is that PAN is mandatory regardless of the transaction value.