Where will you require PAN Card?

Transactions in which quoting of PAN is Mandatory. Purchase and sale of immovable property. Purchase and sale of motor vehicles. Transaction in shares exceeding Rs 50,000.

February 13, 2012 / 19:58 IST

A: Transactions in which quoting of PAN is Mandatory
1.         Purchase and sale of immovable property.
2.         Purchase and sale of motor vehicles.
3.         Transaction in shares exceeding Rs.50,000.
4.         Opening of new bank accounts.
5.         Fixed deposits of more than Rs.50,000.
6.         Application for allotment of telephone connections.
7.         Payment to hotels exceeding Rs.25,000.
8.         Provided that till such time PAN is allotted to a person, he may quote his General Index register Number or GIR No.

Source: Income Tax Department

first published: Feb 9, 2012 02:35 pm

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