Q.

W.e.f. 01-04-2016, quoting ‘Permanent Account Number’ (PAN) is compulsory in the following transaction –

A. Payment to LIP exceeding Rs. 50,000 in a financial year
B. Sale or purchase of any immovable property valued at Rs. 4,00,000
C. Time deposit upto Rs. 35,000 with a bank
D. None of the above
Answer» A. Payment to LIP exceeding Rs. 50,000 in a financial year
2.3k
0
Do you find this helpful?
1

View all MCQs in

Direct Taxation

Discussion

No comments yet