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        Case ID :
        Income Tax

        What is the basic monetary limit required for PANCARD for amount deposit in mutual fund and shares?

        15 December, 2015

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

        What is the basic monetary limit required for PANCARD for amount deposit in mutual fund and shares?

        Answer :   An Payment of ₹ 50,000 or more is required PANCARD  for amount deposit in mutual fund and shares [139A(5)c) and Rule 114B].

         

        PAN requirement for mutual fund and share deposits triggers mandatory identification and reporting when payments reach the statutory threshold. Quoting a Permanent Account Number (PAN) is mandatory for deposits into mutual funds and for share purchases when the payment amount is fifty thousand rupees or more, under the PAN provisions and implementing rules governing income-return and reporting obligations.
                        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 mutual fund and share deposits triggers mandatory identification and reporting when payments reach the statutory threshold.

                              Quoting a Permanent Account Number (PAN) is mandatory for deposits into mutual funds and for share purchases when the payment amount is fifty thousand rupees or more, under the PAN provisions and implementing rules governing income-return and reporting obligations.


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