For which of the following transactions, quoting of PAN is mandatory.

CS Executive · Tax Laws · PYQS · June 2021
For which of the following transactions, quoting of PAN is mandatory.
(A) Deposit of ₹26,000 in one day in post office saving bank account
(B) Life insurance premium paid during the year ₹48,000
(C) Payment to hotel bills of ₹49,000
(D) Fixed deposit in SBI of ₹55,000 on 10.02.2021

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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