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Transactions where PAN to quote is compulsory as per Rule 114B - Income Tax - Ready Reckoner - Income Tax

Extract

..... such transactions. 3. Making an application to any banking company or a co-operative bank or to any other company or institution, for issue of a credit or debit card. All such transactions. 4. Opening of a D-mat account. All such transactions. 5. Payment to a hotel or restaurant against a bill or bills at any one time. Payment in cash of an amount > ₹50,000. 6. Payment in connection with travel to any foreign country or payment for purchase of any foreign currency at any one time. Payme .....

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Transactions where PAN to quote is compulsory as per Rule 114B - Income Tax - Ready Reckoner - Income Tax

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..... ayment for one or more pre-paid payment instruments, as defined in the policy guidelines for issuance and operation of pre-paid payment instruments issued by RBI, or a banking company or a co-operative bank or to any other company or institution. Payment in cash or by way of a bank draft or pay order or banker’s cheque of an amount aggregating to more than ₹50,000 in a financial year. 14. Payment as life insurance premium to an insurer. Amount aggregating to >₹50,000 in a fi .....

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Transactions where PAN to quote is compulsory as per Rule 114B - Income Tax - Ready Reckoner - Income Tax

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..... r the electronic verification code in accordance with the procedures, data structures, and standards specified by the Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems) The provisions of this rule shall not apply to the following class or classes of persons, namely:- (i) the Central Government, the State Governments and the Consular Offices; (ii) the non-residents in respect of the transactions other than a transaction referred to at Sl. No. 1 or 2 or .....

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Transactions where PAN to quote is compulsory as per Rule 114B - Income Tax - Ready Reckoner - Income Tax

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