PAN is mandatory for- 1. Sale or purchase of immovable property - TopicsExpress

PAN is mandatory for- 1. Sale or purchase of immovable property above 5 Lakhs 2. Sale or purchase of a vehicle other than two wheeler 3. Payment to hotels or restaurants an amount exceeding 25000/- at one time 4. Payment in cash amount exceeding 25000/- in case of foreign travel 5. Payment of 50000/- or more to RBI / company / institution for acquiring bonds / shares/ debentures 6. Any mutual fund purchase 7. Deposit exceeding 50000/- with any single banking institution in 24 hours 8. Payment exceeding 5 Lakhs for purchase of bullion and jewellery The most important for payment of direct taxes, to file income tax returns and to avoid deduction of tax at higher rate.

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