W.e.f. 01-04-2016, quoting ‘Permanent Account Number’ (PAN) is com – McqOptions

MCQOPTIONS

1.	W.e.f. 01-04-2016, quoting ‘Permanent Account Number’ (PAN) is compulsory in thefollowing transaction –
A.	Payment to LIP exceeding Rs. 50,000 in a financial year
B.	Sale or purchase of any immovable property valued at Rs. 4,00,000
C.	Time deposit upto Rs. 35,000 with a bank
D.	None of the above
Answer» B. Sale or purchase of any immovable property valued at Rs. 4,00,000

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