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Consider the following financial transac...

Consider the following financial transactions :
1. Purchase of banker cheques for Rs 50,000 and above in one day
2. Cash payment of more than Rs 25,000 for foreign travel at one time
3. Securities transaction of more than Rs 1,00,000
4. Cash deposit of more than Rs 50,000 in any bank account in one day
During which of these transactions is it compulsory to quote Income Tax PAN (Permanent Account Number)?

A

1 and 2

B

1, 2 and 4

C

2, 3 and 4

D

1, 2, 3 and 4

Text Solution

Verified by Experts

The correct Answer is:
C
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