Current Affairs - Miscellaneous - Discussion

Discussion Forum : Miscellaneous - Latest Current Affairs (Q.No. 5091)

2018-02-02 Miscellaneous

5091.

Union Government makes PAN mandatory transactions over __________.

2.5 lakhs

5 lakhs

6.5 lakhs

4.5 lakhs

Answer: Option

Explanation:

The union government made Permanent Account Number (PAN) mandatory for any entity conducting financial transactions of 2.5 lakh or more. Adding that an Aadhaar-like identity number is being developed for enterprises PAN card will also be used as a Unique Entity Number for non-individuals from April 1.