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Can a person purchase property without a pan

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(Querist)
29 June 2013 MY NEIGHBOURS WANTS TO PURCHASE A PROPERTY
WORTH Rs.60 LAKHS. THE ISSUE IS THAT THEY DO NOT HAVE A PAN NUMBER &THEY ARE NOT FILING ANY INCOME TAX RETURNS AT ALL. SO PLEASE SUGGEST HOW CAN HE PURCHASE THIS PROPERTY NOW. AWAITING YOUR RESPONSE.


THANKS REGRDS
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Ganeshbabu K

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Ganeshbabu K (Expert)
29 June 2013 you apply for PAN..it is mandatory..as you need to deduct TDS on payment made to party
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
29 June 2013 Pan no can be received within 7 days.apply pan online. It is mandatory to have a pan to purchase property
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