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      Income Tax

      What is the limit of PANCARD regarding payment to Life Insurance company ?

      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  regarding payment to Life Insurance company ?

         Payment of an amount aggregating ₹ 50,000 or more in year as life insurance premium to an insurer asdefined in section 2(9) of the Insurance Act, 1938 read with section  [139A(5)c) and Rule 114B].

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