{"id":31481,"date":"2016-01-04T10:18:26","date_gmt":"2016-01-04T04:48:26","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=31481"},"modified":"2016-01-15T18:46:01","modified_gmt":"2016-01-15T13:16:01","slug":"amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/","title":{"rendered":"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016"},"content":{"rendered":"

The Government has amended Rule 114 B Income-tax Rules for enhancing the monetary limits of certain transactions which require quoting of PAN and in order to bring a balance between burden of compliance on legitimate transactions. In case of transactions of sale or purchase of goods and services, PAN will be required to be quoted, irrespective of the mode of payment if the transaction exceeds Rs. two lakhs. The changes made to the Rules have been notified through S.O. No. 3545(E) dated 30th December, 2015. These changes will take effect from 1st January, 2016.<\/p>\n

-Press Information Bureau<\/p>\n","protected":false},"excerpt":{"rendered":"

The Government has amended Rule 114 B Income-tax Rules for enhancing the monetary limits of certain transactions which require quoting of PAN <\/p>\n","protected":false},"author":3,"featured_media":26751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14,4],"tags":[],"class_list":["post-31481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-legislationupdates"],"yoast_head":"\nAmendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016\" \/>\n<meta property=\"og:description\" content=\"The Government has amended Rule 114 B Income-tax Rules for enhancing the monetary limits of certain transactions which require quoting of PAN\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-04T04:48:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-01-15T13:16:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sucheta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sucheta\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/\"},\"author\":{\"name\":\"Sucheta\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/7416b8c43cd3a0a3412cf97fc17b54fa\"},\"headline\":\"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016\",\"datePublished\":\"2016-01-04T04:48:26+00:00\",\"dateModified\":\"2016-01-15T13:16:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/\"},\"wordCount\":112,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/Press-Information-Bureau.jpg\",\"articleSection\":[\"Foreign Legislation\",\"Legislation Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/\",\"name\":\"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/Press-Information-Bureau.jpg\",\"datePublished\":\"2016-01-04T04:48:26+00:00\",\"dateModified\":\"2016-01-15T13:16:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/7416b8c43cd3a0a3412cf97fc17b54fa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/Press-Information-Bureau.jpg\",\"contentUrl\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/wp-content\\\/uploads\\\/2015\\\/11\\\/Press-Information-Bureau.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2016\\\/01\\\/04\\\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/7416b8c43cd3a0a3412cf97fc17b54fa\",\"name\":\"Sucheta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g\",\"caption\":\"Sucheta\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/legal_editor\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016 | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/","og_locale":"en_US","og_type":"article","og_title":"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016","og_description":"The Government has amended Rule 114 B Income-tax Rules for enhancing the monetary limits of certain transactions which require quoting of PAN","og_url":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2016-01-04T04:48:26+00:00","article_modified_time":"2016-01-15T13:16:01+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg","type":"image\/jpeg"}],"author":"Sucheta","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sucheta"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/"},"author":{"name":"Sucheta","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa"},"headline":"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016","datePublished":"2016-01-04T04:48:26+00:00","dateModified":"2016-01-15T13:16:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/"},"wordCount":112,"commentCount":0,"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg","articleSection":["Foreign Legislation","Legislation Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/","url":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/","name":"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg","datePublished":"2016-01-04T04:48:26+00:00","dateModified":"2016-01-15T13:16:01+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/04\/amendment-of-rules-regarding-quoting-of-pan-for-specified-transactions-to-come-into-force-from-1st-january-2016\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Amendment of Rules regarding quoting of PAN for specified transactions to come into force from 1st January, 2016"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/7416b8c43cd3a0a3412cf97fc17b54fa","name":"Sucheta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/530d4c250404c869212316d6351878b83f86bf27648031b1e6d4857a4bae4b88?s=96&d=mm&r=g","caption":"Sucheta"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/legal_editor\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/31481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=31481"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/31481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/26751"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=31481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=31481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=31481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}