Zee Media Bureau
New Delhi: The government has made quoting PAN mandatory from January 1 for cash payment made to settle hotels bills or for buying foreign travel tickets of Rs 50,000 as it tightened disclosure norms to curb black money.
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 Jan 1, 2016:
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