https://www.taxtmi.com/news?id=16864 Mandatory quoting of Permanent Account Number (PAN) is required for specified banking transactions under Rule 114B, including cash deposits above the daily threshold, cash purchases of bank drafts/pay orders/banker's cheques above the daily threshold, time deposits with banks or Post Office, and opening certain bank accounts. A November 2016 amendment temporarily extended PAN requirement to aggregated cash deposits above a higher threshold during a specified period. Applicants must obtain PAN from NSDL in the prescribed format with documentary proof; application instructions are available on the Income tax Department website. en-us Fri, 18 Nov 2016 10:13:50 +0530 Fri, 18 Nov 2016 10:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16864 Mandatory quoting of Permanent Account Number (PAN) is required for specified banking transactions under Rule 114B, including cash deposits above the daily threshold, cash purchases of bank drafts/pay orders/banker's cheques above the daily threshold, time deposits with banks or Post Office, and opening certain bank accounts. A November 2016 amendment temporarily extended PAN requirement to aggregated cash deposits above a higher threshold during a specified period. Applicants must obtain PAN from NSDL in the prescribed format with documentary proof; application instructions are available on the Income tax Department website. News - Fri, 18 Nov 2016 10:13:50 +0530 https://www.taxtmi.com/news?id=16864