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is it pan no. necessary for fixed deposit of rs.25000/-
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Fixed Deposits
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Asked by smita mane -
1 year ago
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Best Answer:
As per the Central Board of Direct Taxes ruling
(http://www.incometaxindia.gov.in/RULES/Income%20Tax%20RULES/114B.asp)
for making a time deposit exceeding Rs. 50,000/- with a Bank or Post Office or depositing cash of Rs. 50,000/- or more in a Bank it is mandatory to mention PAN number.
1 year ago - By Mitu
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