Pan card
This query is : Resolved
27 April 2015
As decided in Budget, PAN CARD is made mandatory for all Sales and purchases above Rs 1 lakh.
Hence, request for your guidance in case Purchase and Sales is done by NRI / NRE.
Whether PAN Card details is mandatory ?For eg If Tickets worth Rs 150000/- is sold to NRI/ NRE by A Ltd, then whether PAN CARD IS MANDATORY RECORD to be kept by A Ltd ? Kindly guide
Hence, request for your guidance in case Purchase and Sales is done by NRI / NRE.
Whether PAN Card details is mandatory ?For eg If Tickets worth Rs 150000/- is sold to NRI/ NRE by A Ltd, then whether PAN CARD IS MANDATORY RECORD to be kept by A Ltd ? Kindly guide
30 April 2015
Dear Friend,
If you transacting with NRI - NRE for a value more than 1 Lakh, you should take Passport copy form them so it is good stand for you that this NRI / NRE does not have PAN. It is valied in the eyes of Law.
If you transacting with NRI - NRE for a value more than 1 Lakh, you should take Passport copy form them so it is good stand for you that this NRI / NRE does not have PAN. It is valied in the eyes of Law.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- GST Registration Cancellation books of accounts asked by officer
- TDS deduction 194J instead of EPF
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
