alleryStart learning →A time deposit with a bank needs PAN quoting if it exceeds Rs 50,000 or aggregates in a year above
ARs 1,00,000
BRs 2,50,000
CRs 5,00,000
DRs 10,00,000
Answer & Solution
Correct answer: C. Rs 5,00,000
Rule 114B uses Rs 50,000 per deposit or aggregate above Rs 5,00,000 during a financial year.
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