Pan for sale above 1 lac
This query is : Resolved
02 November 2015
Dear Experts,
In the current budget, the Govt. came up with a new rule to curb black money by making it mandatory to quote PAN for Sales or Purchases above Rs. 1 Lac.
Here I want to know, whether this limit of Rs. 1 Lac is for a single transaction? or for a single day? or for a single party in a year?
Please Guide
Elroy
In the current budget, the Govt. came up with a new rule to curb black money by making it mandatory to quote PAN for Sales or Purchases above Rs. 1 Lac.
Here I want to know, whether this limit of Rs. 1 Lac is for a single transaction? or for a single day? or for a single party in a year?
Please Guide
Elroy
06 November 2015
It has yet to be notified by amendment in IT rules.
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.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Gst input for FY 23-24
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
