PAN, Aadhaar now mandatory for cash deposits, withdrawals above this amount in banks, post office - Economic Times

The Central Board of Direct Taxes (CBDT) has issued a notification on May 10, 2022 specifying new rules related to cash transactions i.e., deposits and withdrawals with bank, post and co-operative banks. The new rulesmake quoting of PAN or Aadhaar number mand…

The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial year exceeds Rs 20 lakh and in case of opening of current account or cash credit… [+3406 chars]

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