Quoting of PAN – Amendment of Rules since 01 Jan 2016 – Revised Scenario

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Department of Income tax, Government of India revised the rules called the Income-tax (22nd Amendment) Rules, 2015 to collect information of certain types of transactions from third parties in a non-intrusive manner. The department has already made it mandatory under Rule 114B of the Income-tax Rules to quote PAN where the transactions exceed a specified […]