PAN Mandatory for Bank Transactions Over Rs. 20 Lakhs and New Account Openings u/r 114BA, Section 139A.

Mandatory requirement of PAN - deposit or withdrawal of amount exceeding Rs. 20 Lacs from bank account / post office account - opening a crrent account or cash credit account with bank or post office - Transactions for the purposes of clause (vii) of sub-section (1) of section 139A - Rule 114BA of the Income-tax Rules, 1962 .....

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