Income Tax

PAN - Mandatory for certain transactions

From time to time we often hear about PAN being mandatory for several transactions. The main aim of bringing these provisions are

  • to widen the tax base
  • to detect high value transactions that might escape tax
  • curb black money
  • to keep audit trail on persons with luxary life style and cross check their income tax returns

We try to bring all such provisions into one place:-

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