MCQOPTIONS
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| 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 | |