Assertion: pan | /r/HasProperty | quoted
Facets:
Source sentences:
text: PAN needs to be quoted while paying direct taxes.
text: Ans:​​​​​ ​​Section​ 272B provides for penalty in case of default by the taxpayer in complying with the provisions relating to PAN, i.e., not obtaining PAN, even though he is liable to obtain PAN or knowingly quoting incorrect PAN in any prescribed document in which PAN is to be quoted or intimating incorrect PAN to the person deducing tax or person collecting tax.
text: This will be interesting for high value transactions where PAN has to be quoted.