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Pan Must For Over Rs 1 Lakh Security Deals

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BUSINESS STANDARD

The revenue department has made it mandatory to disclose permanent account numbers (PANs) issued by the income tax department for securities transactions of over Rs 1 lakh in a notification issued today.

The order has drastically reduced the threshold for quoting PAN for sale and purchase of securities from the existing Rs 10 lakh. The move is part of the income tax department

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First Published: Jun 21 2002 | 12:00 AM IST

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