PAN is mandatory for Transactions in which quoting

Transactions in which quoting of PAN is mandatory

There are various usages of PAN Card and PAN – Permanent Account Number. Here is the list of all such matters regarding using PAN Number.

PAN is mandatory
PAN is mandatory

–          Sell/ Purchase any immovable property worth value of 5 Lakhs or more

–          Sell/ Purchase a motor vehicle/ vehicle excluding two wheelers includes removable side car

–          Deposit in your account with post office savings bank more than 50,000/- rupees

–          Transaction of more than 1 Lakh value regarding sale/purchase or securities

–          Getting a new telephone connection – cellular

–          Want to open a new bank account

–          Payment of more than 25,000/- rupees in any hotel/ restaurant

–          In one day, you are purchasing a Demand Draft/ Pay Order of more than 50,000/- rupees

–          Transaction/ Deposit of Cash more than 50,000/- rupees in a single day

–          Paying amount more than 25,000/- to travel to any foreign country

–          Applying for any banking/related company or Credit/Debit Cards

–          Purchasing RBI Bonds more than or equal to 50,000/- rupees

–          Purchasing Shares/ Bonds from a company more than or equal to 50,000/-

–          Purchasing Mutual/ Funds Units of 50,000/- rupees or of more value

–          Payment of Life Insurance Premium of value 50,000/- rupees to an insurance company in a year.


is pan card mandatory for opening bank account,is pan card mandatory for nri,is pan card mandatory,pan is mandatory for hra,is pan mandatory for fixed deposits,is pan mandatory for form 15g,is pan mandatory for din,is pan mandatory for ppf

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.