PAN and Aadhaar quoting requirement: authentication mandated for cash transactions and current account openings to ensure compliance. The rules require pre-transaction notice in certain cases and identify specific transactions-cash deposits, cash withdrawals, and opening of current or cash credit accounts with banks or Post Office-that trigger compulsory quoting and authentication of PAN or Aadhaar. Banks, cooperative banks and the Post Master General must ensure the quoted identifier is authenticated; demographic or biometric details must be submitted to the Income-tax systems authority which will prescribe formats and procedures for authentication.
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 Aadhaar quoting requirement: authentication mandated for cash transactions and current account openings to ensure compliance.
The rules require pre-transaction notice in certain cases and identify specific transactions-cash deposits, cash withdrawals, and opening of current or cash credit accounts with banks or Post Office-that trigger compulsory quoting and authentication of PAN or Aadhaar. Banks, cooperative banks and the Post Master General must ensure the quoted identifier is authenticated; demographic or biometric details must be submitted to the Income-tax systems authority which will prescribe formats and procedures for authentication.
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