Pan proof
This query is : Resolved
02 March 2012
AS per RBI Instructions if any payments made in cash more than Rs 50000 then PAN No. to be quoted on the financial document.
My doubt is
1.If customer pays cash more than Rs 50000 then each and every time whether PAN No. to be quoted.
2. In Sale of Flats at time of booking customer quotes his PAN no. in application form. After wards if customer pays amounts in cash more than Rs 50000 then PAN no. need to be quoted. Whenever customer pays the amount in cash or cheque receipt is issuing to customer. so if customer pays in cash more than Rs 50000 then PAN no. need to be quoted on receipt every time or already PAN no. quoted in application form is it sufficient.
Pls quide me in this behalf.
My doubt is
1.If customer pays cash more than Rs 50000 then each and every time whether PAN No. to be quoted.
2. In Sale of Flats at time of booking customer quotes his PAN no. in application form. After wards if customer pays amounts in cash more than Rs 50000 then PAN no. need to be quoted. Whenever customer pays the amount in cash or cheque receipt is issuing to customer. so if customer pays in cash more than Rs 50000 then PAN no. need to be quoted on receipt every time or already PAN no. quoted in application form is it sufficient.
Pls quide me in this behalf.
02 March 2012
yes need to quote PAN each and every time.
02 March 2012
better to print the pan number or make a stamp of pan number to affix.
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
