For what transactions quoting PAN number is compulsory?
• Dealings on immovable property worth of Rs. 5 lakhs or more.
• For purchase of motor vehicle ie. Four wheelers.
• Bank deposits exceeding Rs.50000. Post office deposit also.
• Securities transactions exceeding 10 lakhs.
• Opening of Bank accounts.
• Telephone connections
• Cash deposit of Rs.50000 or more in Bank per day.
• PAN number is compulsory in case of any sum or income or amount in which Tax is deductable.
• The Aadhar and PAN card linking is mandatory
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Pan number compulsory
Income tax
