Think about most recent changes made by government in PAN card rules post demonetisation

Think about most recent changes made by government in PAN card rules post demonetisation

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Think about most recent changes made by government in PAN card rules post demonetisation

 

New Delhi: After settling on the note boycott choice, the legislature has realized certain adjustments in the prerequisites of Permanent Account Number (PAN).

 

The legislature has made correction in the arrangement 14 (b) of the wage assess rules. Presently the legislature is watching out for despoists made between Rs 50,000 to Rs 2.5 lakh.

 

Focal Board of Direct duties (CBDT) has affected changes in tenets connected with PAN card.

Till now, the limit for cash deposit without PAN was Rs 50,000 per transaction.

Those making arrangement of stores of sum not as much as Rs 50,000 in order to get away from the necessity of creating PAN card every time will likewise be secured under new changes.

 

Those whose ledgers are not connected with PAN should deliver the card while saving sum more than Rs 50,000. Such contributors can go under pay duty division’s scanner.

 

The bank is required to illuminate wage impose division about rehashed stores of Rs 2.5 lakh being made in a solitary financial balance inside November 9 to December 30.

 

In the event that you buy bank draft of more than Rs 50,000 in a solitary day from your saving money organization or co-agent bank, PAN card is important.

Edited By articlesworldbank.com

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