Multiple choice general knowledge

Sale or purchase of any immovable property valued for what value or above, PAN card is required

  1. 5 Lakhs rupees or more

  2. 2 Lakhs rupees or more

  3. 10 Lakhs rupees or more

  4. 50, 000 rupees or more

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

As per Indian tax regulations, PAN card is mandatory for sale or purchase of any immovable property valued at Rs. 5 lakhs or more. This requirement helps track high-value property transactions and prevent tax evasion. The Rs. 5 lakh threshold was established to cover significant real estate transactions.