Multiple choice

It is compulsory to quote PAN number,

  1. if the investor has PAN

  2. if the investment is Rs. 1 lac or more

  3. if the investment is Rs. 50000 or more

  4. if the investor is liable to pay tax in that year
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

As per Indian regulations, quoting PAN number is compulsory for investments of Rs. 50000 or more. This requirement is part of KYC (Know Your Customer) norms and helps prevent tax evasion and money laundering. The PAN requirement is based on the investment amount, not on whether the investor has a PAN or tax liability.

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