Saturday, August 13, 2011

I-T SEEKS PAN DETAILS OF BIG JEWELLERY BUYERS

Tax sleuths surveyed the offices of eight New Delhi-based bullion dealers to verify whether they noted clients' Permanent Account Number (PAN) details in large transactions. The surveys came hot on the heels of a new income-tax rule mandating PAN card disclosures for each gold transaction above Rs. 5 lakh.

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