Advertisements
Advertisements
Question
Choose the most appropriate option:
In an attempt to curb black money, the Government has made PAN mandatory for all financial transactions exceeding Rupees:
Options
2 lakhs
1 lakhs
3 lakhs
4 lakhs
Advertisements
Solution
2 lakhs
Explanation:
PAN will be a must for all transactions, including the purchase of jewelry, above ‘ 2 lakhs in cash or through a card with effect from January 1, 2016.
APPEARS IN
RELATED QUESTIONS
Mark the best option:
Which Indian company has become the first-ever Indian quasi-sovereign to issue a Masala bond on London Stock Exchange(LSE)?
Mark the best option:
The agreement to “buy or sell a debt instrument at a specified future date at a pre-determined price” is called?
The supply of a good refers to:
Which e-commerce company has made its maiden entry in the Thomson Reuters top 100 Global Innovators list 2015?
The 8th BRICS Summit (2016) is proposed to be held in
Which of the following statements is correct as per the announcement of Union Budget 2018-19?
Capital market means
A wealth tax on the agricultural property is levied by
Who has prepared Global Risk Report 2019?
Which of the following best represents the concept of Net Domestic Product (NOP)?
