PAN A Must

Pan cardThe Centre is set to take stringent measures to contain financial irregularities from January 1. As part of these measures PAN is compulsory to book flight tickets or pay hotel bills if the amount exceeds Rs.50,000/- which is Rs.25,000/- till now. The PAN has been made compulsory to open account even  in a cooperative bank. PAN is also a must for card or liquid money transaction of above Rs. 2 lakhs which is Rs.1 lakh till now. PAN is also mandatory to join any cash or prepaid scheme.

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