Quotation of PAN transactions exceeding 2 lacs as per Rule 114B

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....uotation of PAN transactions exceeding 2 lacs as per Rule 114B<br> Query (Issue) Started By: - jai prakash Dated:- 29-6-2016 Last Reply Date:- 29-6-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear....

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.... Experts Please advise whether vendor will ensure his PAN or purchaser's PAN in the bill at the time raising invoice. Rule 114C of IT Act is given below for your kind refernce Verification of PAN ....

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....(Rule-114C) 2) Any person, being a person raising bills referred to at Sl. No. 5 or 6 or 18 of rule 114B, who, in relation to a transaction specified in the said Sl. No., has issued any document shal....

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....l ensure after verification that permanent account number has been correctly furnished and the same shall be mentioned in such document, or as the case may be, a declaration in Form 60 has been duly f....

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....urnished with complete particulars.] Reference of section, rule case law will be helpful. Regards Jai Prakash Reply By Ganeshan Kalyani: The Reply: Sir, both the party to the transaction should e....

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....xchange their registration number to comply for the rule. Companies are doing such activity after the said amendment. Thanks.<br> Discussion Forum - Knowledge Sharing ....