PAN quoting requirement mandates PAN or Form 60 for specified financial, property and deposit transactions to ensure compliance. Rule 114B requires quoting PAN in documents for a defined list of transactions-bank and de mat account openings, financial instrument acquisitions, specified cash payments, deposits, time deposits, insurance premium payments, securities and immovable property dealings, and other transactions above prescribed value thresholds-and prescribes that non holders must furnish Form No. 60 (paper or electronic). Minors may use a parent's or guardian's PAN; certain foreign companies in IFSC units must use Form No. 60; specified governmental entities and some non residents are exempt; existing account holders who had not furnished PAN/Form 60 were subject to a compliance deadline.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
PAN quoting requirement mandates PAN or Form 60 for specified financial, property and deposit transactions to ensure compliance.
Rule 114B requires quoting PAN in documents for a defined list of transactions-bank and de mat account openings, financial instrument acquisitions, specified cash payments, deposits, time deposits, insurance premium payments, securities and immovable property dealings, and other transactions above prescribed value thresholds-and prescribes that non holders must furnish Form No. 60 (paper or electronic). Minors may use a parent's or guardian's PAN; certain foreign companies in IFSC units must use Form No. 60; specified governmental entities and some non residents are exempt; existing account holders who had not furnished PAN/Form 60 were subject to a compliance deadline.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
