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I T Department changes PAN rules for automobile sales above Rs.2 lakh

ANI  |  New Delhi [India] 

The Directorate of (Intelligence and Criminal Investigation) conducted a seminar of Tuesday on quoting of PAN in respect of transactions of sale or purchase of automobiles above Rs.2 lakh and furnishing of statement of financial transaction in case of receipt of cash payment exceeding Rs.2 lakh.

The Director General of (Intelligence and Criminal Investigation), Ameeta Saini, was given a detailed presentation by the Director of (Intelligence and Criminal Investigation), Raman Chopra.

Representatives of around 80 automonbile dealers attended the seminar, where Chopra apprised them about the changes in the Act and Rules from fiscal 2016-17.

Participants also used the occasion to raise their concerns and were given clarifications on the same, a release issued by the Directorate of (Intelligence and Criminal Investigation) said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 14:13 IST