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Is PANCARD is required for time deposit exceed a time of ₹ 5 lakhs? |
Chapter No. 11 - PERMANENT ACCOUNT NUMBER [SECTION 139A and RULE 114]
Answer : Yes, PANCARD is required for Time deposit exceeding ₹ 50,000 with a bank/banking company /banking institution [139A(5)c) and Rule 114B].
Dated: 15-12-2015
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