https://www.taxtmi.com/news?id=2685 Taxpayers undertaking high value transactions who are unassessed or without PAN must furnish or obtain PAN and explain the source and tax treatment of such transactions via prescribed query responses; information may be submitted by post, officials may conduct identified premise visits, and noncompliance exposes taxpayers to statutory penalties and potential prosecution while permitting tax payment and return filing within the current financial year to regularize affairs. en-us Wed, 18 Jan 2012 17:25:48 +0530 Wed, 18 Jan 2012 17:25:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2685 Taxpayers undertaking high value transactions who are unassessed or without PAN must furnish or obtain PAN and explain the source and tax treatment of such transactions via prescribed query responses; information may be submitted by post, officials may conduct identified premise visits, and noncompliance exposes taxpayers to statutory penalties and potential prosecution while permitting tax payment and return filing within the current financial year to regularize affairs. News - Wed, 18 Jan 2012 17:25:48 +0530 https://www.taxtmi.com/news?id=2685