FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

PAN CARD WILL BE MANDATORY FOR FROM 1 JAN 2016

PAN CARD WILL BE MANDATORY FOR FROM 1 JAN 2016

You are using an outdated browser. Please upgrade your browser to improve your experience.

1) During purchase/ sale of immovable property exceeding Rs 10 lakh.
2) While making a time deposit with any financial institution like Co-op banks, Post Office, Nidhi and NBFC.
3) At the time of opening any form of bank account except opening of a no-frills bank account such as a Jan Dhan Account.
4) For payment of hotel or restaurant bills exceeding Rs 50,000 at any one point through any mode of payment.
5) PAN should be quoted for purchase of bank drafts/ pay orders/ banker’s cheques exceeding Rs 50,000 on a single day.
6) Cash deposit exceeding Rs.50,000/- in a single day. 7) For purchase of foreign currency or cash payment related to foreign travel exceeding Rs.50,000/-
8) Payment in excess of Rs 50,000 for purchase of mutual fund units.
9) For opening a demat account.
10) Purchase or sale of shares of an unlisted company for an amount exceeding Rs1 lakh per transaction.
11) Payment exceeding Rs.50,000 for purchase of Debentures/ bonds.
12) Payment exceeding Rs.50,000 for purchase of RBI bonds
13) Payment exceeding Rs.50,000/- in a year as life insurance premium
14) Cash payment aggregating to more than Rs.50,000 in a year towards cash cards/ prepaid instruments issued under Payment & Settlement Act All the instances mentioned above come under Rule 114B of the Income-tax Act.
According to the Ministry of Finance, “The changes in the rules are expected to be useful in widening the tax net by non-intrusive methods. They are also expected to help in curbing black money and move towards a cashless economy.”
Also, the Pension fund regulatory body PFRDA has started using PAN instead of Aadhaar for validation of new customers who can now be registered online under the National Pension System (NPS) scheme.

(vi) the value of any other fringe benefit or amenity as may be prescribed.

 

PAN CARD WILL BE MANDATORY FOR FROM 1 JAN 2016

PAN CARD WILL BE MANDATORY FOR FROM 1 JAN 2016

At CAKART www.cakart.in you will get everything that you need  to be successful in your CA CS CMA exam – India’s best faculty video  classes (online or in pen drive) most popular books of best authors  (ebooks hard copies) best scanners and all exam related information  and notifications.Visit www.cakart.in and chat with our counsellors  any time. We are happy to help you make successful in your  exams.

www.cakart.in.

www.cakart.in.

Click here to download FREE CA CS CMA books.

1 comments
  1. adarsh says:

    Thanks for providing Details of Pan Card Mandatory January 1st 2016

Leave a comment

Your email address will not be published. Required fields are marked *