Sec 114B of Income Tax Rules & Form 60/61

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  1. Kashyap Chokshi

    Kashyap Chokshi New Member

    As per Income Tax Laws/ Rules, any transaction above Rs. 2,00,000 is to be done with a PAN of buyer & seller.

    Complying with these rules I have taken PAN from my customers. No transaction with customers are there in my books above Rs 2,00,000 without PAN of customer.

    Now are we suppose to file any return for providing this information to department for PAN collected by me? If yes where and how are we suppose to file it? (whether digitally or physically and procedure for same)
     
  2. ZED

    ZED Well-Known Member

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