Zee Media Bureau
New Delhi: From today (January 1, 2016) quoting of PAN will be mandatory for cash payment made to settle hotels bills or for buying foreign travel tickets of Rs 50,000.
The PAN requirement for non-luxury cash transactions was set at Rs 2 lakh, while the same was made mandatory on purchase of immovable property of Rs 10 lakh.
Here is the list of transactions where quoting of PAN will be mandatory from January 1, 2016:
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
