Anil made following transaction for the year ended 31st March, 2019

CS Executive · Tax Laws and Practice · PYQS · June 2019

(A) acquired immovable property for ₹6 lakh;

(B) made a term deposit (TDR) of ₹30,000 in a bank

(C) paid ₹75,000 to a hotel for his birthday party and

(D) deposited ₹45,000 cash in his Savings Bank (SB) account. Quoting of PAN is mandatory in which of these transactions:

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961