PAN Card number is required for:

Purchase / Sale of immovable property – exceeding Rs. 500000  
Purchase / Sale of motor vehicles – ( not for two wheeler )
Purchase of Jewellery – exceeding Rs. 500000
Transaction in shares / debuntures / bonds / units - exceeding Rs.50,000 
Opening of new bank accounts 
Deposit by cash in bank / PO - exceeding Rs,. 50000 in a day
Purchasing DD in bank by cash – exceeding Rs.50000 in a day
Fixed deposits of more than Rs.50,000 
Applications for credit or debit card / telephone connection 
Payment to hotels exceeding Rs.25,000/-. 
Payment of Life Insurance premium – exceeding Rs. 50000
To avoid TDS at higher rate


v      This is only a indicative list.






No comments:

Post a Comment