PAN and Form 60 compliance required for certain bank and post office accounts; reporting and linking obligations imposed. Amendments require deposit account holders who have not provided PAN or Form No.60 to supply them to specified reporting persons by a prescribed date; reporting persons must record and link PAN or Form No.60 details in transaction records and in any information furnished to tax or other authorities. The rule expands reportable transactions to include certain cash deposits and revises the reporting form's account summary to separate cash credits across defined periods and to capture aggregate cash debits.
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 and Form 60 compliance required for certain bank and post office accounts; reporting and linking obligations imposed.
Amendments require deposit account holders who have not provided PAN or Form No.60 to supply them to specified reporting persons by a prescribed date; reporting persons must record and link PAN or Form No.60 details in transaction records and in any information furnished to tax or other authorities. The rule expands reportable transactions to include certain cash deposits and revises the reporting form's account summary to separate cash credits across defined periods and to capture aggregate cash debits.
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