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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 |
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