CBDT vide Notification No. 53/2022/F.No. 370142/49/2020-TPL dated 10th May 2022, has made reporting of PAN mandatory for the following transactions as well:
1. Cash deposit or deposits aggregating to twenty lakh rupees or more in a financial year, in one or more account of a person with, —
(i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act);
(ii) Post Office
2. Cash withdrawal or withdrawals aggregating to twenty lakh rupees or more in a financial year, in one or more account of a person with, —
(i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act);
(ii) Post Office
3. Opening of a current account or cash credit account by a person with, —
(i) A banking company or a co-operative bank to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act);
(ii) Post Office
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