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        Case ID :
        Income Tax

        What is the limit of PANCARD for amount depositing in securities.?

        15 December, 2015

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        Chapter No. 11 - PERMANENT ACCOUNT NUMBER [SECTION 139A and RULE 114]

        1. What is the limit of  PANCARD  for amount depositing in  securities.?

        Answer :   Contact for sale/purchase of securities Exceeding ₹ 1,00,000 required PANCARD [139A(5)c) and Rule 114B].

        PAN requirement for securities transactions mandates furnishing PAN for deposits exceeding prescribed threshold to enable identity verification. A PAN furnishing requirement applies to sale and purchase of securities: where consideration in a securities transaction exceeds the statutory high-value threshold, the person transacting must furnish their Permanent Account Number to the counterparty, implementing identity verification and enabling tax reporting obligations under the income-tax rules.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              PAN requirement for securities transactions mandates furnishing PAN for deposits exceeding prescribed threshold to enable identity verification.

                              A PAN furnishing requirement applies to sale and purchase of securities: where consideration in a securities transaction exceeds the statutory high-value threshold, the person transacting must furnish their Permanent Account Number to the counterparty, implementing identity verification and enabling tax reporting obligations under the income-tax rules.


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