TMI BlogQuoting of Pan number mandatoryX X X X Extracts X X X X X X X X Extracts X X X X ..... In terms of Section 206AA of Income Tax Act, 1961 206(5) effective from 01/04/10 as under: The deductee shall furnish his Permanent Account Number to the deductor and both shall indicate the same in all the correspondence, bills, vouchers and other documents which are sent to each other. In view of the above provision whether it is compulsory to quote the PAN Nos in all correspondence like ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vouchers , bills since earlier this wording was not mentioned now whether this is compulsory to quote the above - Reply By DEV KUMAR KOTHARI - The Reply = Yes, it is mandatory to quote PAN in all refered documents. In view of changing times, it seems that mentioning PAN as part of identity of person on all letter heads, and other documents intended for business or commercial use is desirable. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here should not be any problem in quoting PAN. PAN no. can be made a part of own address as well as address slips to whom communication is sent and even in mailing lists. This will increase confidence of the GOI officials. - Reply By DEV KUMAR KOTHARI - The Reply = Yes, it will be mandatory to quote PAN in all refered documents.Failing which penatly proceedings may be initiated. In view of chan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ging times, it seems that mentioning PAN as part of identity of person on all letter heads, and other documents intended for business or commercial use is desirable. There should not be any problem in quoting PAN. PAN no. can be made a part of own address as well as address slips to whom communication is sent and even in mailing lists. This will increase confidence of the GOI officials. There is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no harm in quoting PAN, it will avoid contingencies of penalty proceedings. - Quoting of Pan number mandatory - Query Started By: - madhavvan n Dated:- 23-1-2010 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|