Class 6 Exam  >  Class 6 Questions  >  PAN number is required fora)Deposits less tha... Start Learning for Free
PAN number is required for
  • a)
    Deposits less than Rs.50,000/-
  • b)
    Deposits in excess of Rs.1 lac
  • c)
    Deposits Rs.50,000/- & above
  • d)
    All transactions
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
PAN number is required fora)Deposits less than Rs.50,000/-b)Deposits i...
PAN number is required for deposits Rs.50,000/- & above. This is because the Income Tax Department of India has made it mandatory for taxpayers to furnish their Permanent Account Number (PAN) for transactions above Rs. 50,000 to prevent tax evasion and money laundering activities.
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Community Answer
PAN number is required fora)Deposits less than Rs.50,000/-b)Deposits i...
B) Deposits in excess of Rs.1 lakh
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PAN number is required fora)Deposits less than Rs.50,000/-b)Deposits in excess of Rs.1 lacc)Deposits Rs.50,000/- & aboved)All transactionsCorrect answer is option 'C'. Can you explain this answer?
Question Description
PAN number is required fora)Deposits less than Rs.50,000/-b)Deposits in excess of Rs.1 lacc)Deposits Rs.50,000/- & aboved)All transactionsCorrect answer is option 'C'. Can you explain this answer? for Class 6 2024 is part of Class 6 preparation. The Question and answers have been prepared according to the Class 6 exam syllabus. Information about PAN number is required fora)Deposits less than Rs.50,000/-b)Deposits in excess of Rs.1 lacc)Deposits Rs.50,000/- & aboved)All transactionsCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 6 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for PAN number is required fora)Deposits less than Rs.50,000/-b)Deposits in excess of Rs.1 lacc)Deposits Rs.50,000/- & aboved)All transactionsCorrect answer is option 'C'. Can you explain this answer?.
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