TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Tax Rules: PAN Required for High-Value Life Insurance, Bullion, and Jewelry Payments; Expanded Tour Operator Definition</h1> The Income-tax (Fifth Amendment) Rules, 2011, effective from July 1, 2011, amend rule 114B of the Income-tax Rules, 1962. The amendments include expanding the definition of 'tour operator' to include authorized persons under the Foreign Exchange Management Act, 1999. It also changes the wording from 'issue of a credit card' to 'issue of a credit or debit card.' Additionally, new clauses require quoting a PAN for life insurance premium payments of fifty thousand rupees or more annually, and for payments of five lakh rupees or more for bullion or jewelry purchases.
TaxTMI 
