1.

W.e.f. 01-04-2016, quoting Permanent Account Number (PAN) is compulsory in the following 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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