In which of the following transactions, quoting of PAN is mandatory by the person entering into the said transaction ? (i) Opening a basic savings bank deposit account with a bank (ii) Applying to a bank for issue of a c
CS Executive · Tax Laws · PYQS · December 2024
In which of the following transactions, quoting of PAN is mandatory by the person entering into the said transaction ? (i) Opening a basic savings bank deposit account with a bank (ii) Applying to a bank for issue of a credit card (iii) Payment of ₹ 40,000 to mutual fund for purchase of its units (iv) Cash deposit with a post office of ₹ 1,00,000 during a day (v) Sale of shares of an unlisted company for an amount of ₹ 60,000 Choose the correct answer :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act
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