Prepaid instrument providers approach tax authority on new PAN rule2 min read . Updated: 14 Jan 2016, 08:36 PM IST
Starting 1 January, users of prepaid instruments such as wallets require to provide their PAN if the total cash uploading in a year exceeds Rs50,000
New Delhi: Unhappy with the new rule applied on cash cards and prepaid instruments, the Payments Council of India (PCI), a body formed under the Internet and Mobile Association of India, on Thursday approached the Central Board of Direct Taxes to present the industry view.
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