Submit PAN Application 7 Days Before Big Transactions: Rule 114, Section 139A(3)(vii) Compliance Required.

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....Application for seeking PAN should be filed at least 7 days prior to enter into specified transaction as referred to in section 139A(3)(vii) read with rule 114BA - Deposit or withdrawal of cash in the bank account beyond specified limits or opening of current account with bank or post office account - Rule 114 of the Income-tax Rules, 1962....