PANs and reporting of cash transactions
The Central Board of Direct Taxes issued guidance with respect to permanent account numbers (PANs) reflecting the links to bank accounts with PAN/Form No. 60. The rules were also amended to provide details of bank accounts in which cash deposits were made during the demonetisation period and making this information available to tax officers. Read a Report on PANs and reporting of cash transactions [PDF 327 KB] of KPMG