In a bid to check generation of domestic black money, the government could soon issue a notification making quoting of Permanent Account Number (PAN) mandatory for all cash transactions beyond Rs 2 lakh, Finance Minister Arun Jaitley said on Tuesday.
"An issue is being raised with regard to black money. . . Very shortly we will be placing the notification that if you deal in cash of more than Rs 2 lakh, a PAN number would be necessary, " he said, replying to a debate in the Lok Sabha on supplementary demands for grants.
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