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Consider the following statements in respect of PAN (effective from January 1,2016)I. Quoting PAN is mandatory for cash payments made to settle hotel bills or for buying foreign travel tickets of an amount above Rs. 50, 000.II. The PAN requirement for non-luxury cash transactions is Rs. 2 lakh.III. PAN for making post office deposit of over Rs. 50, 000 has been dispensed with.IV. PAN is mandatory on purchase of immovable property of Rs. 10 lakh.The correct answer is

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Consider the following statements in respect of PAN (effective from January 1,2016)<br />I. Quoting PAN is mandatory for cash payments made to settle hotel bills or for buying foreign travel tickets of an amount above Rs. 50, 000.<br />II. The PAN requirement for non-luxury cash transactions is Rs. 2 lakh.<br />III. PAN for making post office deposit of over Rs. 50, 000 has been dispensed with.<br />IV. PAN is mandatory on purchase of immovable property of Rs. 10 lakh.<br />The correct answer is






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