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Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016

News and Press Release - Dated:- 1-1-2016 - The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, it is ma .....

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the transaction exceeds Rs. two lakhs. To bring a balance between burden of compliance on legitimate transactions and the need to capture information relating to transactions of higher value, the Government has amended Rule 114B to enhance the monet .....

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