PDA

View Full Version : PAN to be must for all life insurance premiums over Rs 50,000 from 1st July'2011



Minal
01-07-2011, 01:50 PM
All life insurance premiums over Rs 50,000 is mandatory to quote permanent account numbers (PAN) in such transactions from 1st July'2011. The Income-Tax department has amended rules to add these items to the list of financial transactions where disclosure of PAN is compulsory.