Farmers Do Not Require PAN Number for Cash Transactions above Rs 2 Lakhs
The Central Board of Direct Taxes (CBDT) has clarified that the farmers do not need PAN (Permanent Account Number) for transactions upto Rs. lakhs in a day. Farmers can sell their products upto that limit and deposit the amount in banks without mentioning the PAN number. According to the new rule of Section 269 ST … Read more