Transaction in which PAN is compulsory

Transaction in which PAN is compulsory

Transaction in which PAN is compulsory ·          PAN is mandatory for the purchase or sale of shares of an unlisted company amounti... 9:45 PM

Transaction in which PAN is compulsory

• ·         PAN is mandatory for the purchase or sale of shares of an unlisted company amounting to one lakh.
• ·         PAN is mandatory if payment is exceeding rupees 50,000 for purchase of debenture or bonds.
• ·         PAN  is mandatory in case of Life insurance premium. If payment is exceeding rupees 50,000 in a year.
• ·         Cash payment aggregating to more than rupees 50,000 in a year towards cash cards/ prepaid instruments issued under Payment and Settlement Act.