Q. W.e.f. 01-04-2016, quoting ‘Permanent Account Number’ (PAN) is compulsory in thefollowing transaction – (Solved)
1. Payment to LIP exceeding Rs. 50,000 in a financial year
2. Sale or purchase of any immovable property valued at Rs. 4,00,000
3. Time deposit upto Rs. 35,000 with a bank
4. None of the above
- a. Payment to LIP exceeding Rs. 50,000 in a financial year