Saturday, May 28, 2022

CBDT issues new rules for making PAN base mandatory for cash deposits or withdrawals of Rs 20 lakh or more Income tax rules: Cash transaction rules have been tightened, PAN will be required for cash withdrawals above Rs 20 lakh.


Cash Deposit Rules: The government has tightened the rules for conducting cash transactions without PAN number and Aadhaar. The government has introduced new rules for conducting financial transactions without PAN and Aadhaar, which will have the greatest impact on those conducting financial transactions without PAN and Aadhaar.

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