Quoting of PAN is not necessary in the case of —

CS Executive · Tax Laws and Practice · PYQS · December 2016
Quoting of PAN is not necessary in the case of —
(A) Purchase of immovable property valued at ₹50 lakh
(B) Payment of hotel bills ₹20,000
(C) Deposit of ₹75,000 into bank in a day
(D) Payment of ₹5,00,000 for purchase of shares of a company.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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