Permanent Account Number is Mandatory :

As per budget 2015-16, Permanent Account Number is mandatory for every purchase more than :

  1. Rs. 2 lac
  2. Rs. 1.5 lac
  3. Rs. 2 lac
  4. Rs. 3 lac

 

Anurag Mishra Professor Asked on 22nd September 2015 in Finance.
Add Comment
1 Answer(s)

Correct Answer is 1 lakh

As per budget 2015-16, Permanent Account Number is mandatory for every purchase more than 1 Lakh. Finance Arun jaitely¬†give a speech during the Budget “Quoting of PAN is being made mandatory for any purchase or sale exceeding the value of Rs. 1 lakh. The third party reporting entities would be required to furnish information about foreign currency sales and cross border transactions”

Monis Rasool Professor Answered on 23rd September 2015.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.