Mr. Mridul has undertaken certain transactions during the F.Y.2024-25, which are listed below. You are required to identify the transactions in…

Transaction Is quoting of PAN mandatory in related documents? 1. Payment of 95,000 was made during the F.Y. 2024-25 towards the acquisition of equity shares of BCD Ltd., an unlisted company. No, quoting of PAN is not mandatory in this case, since the payment of 95,000 for acquiring equity shares of the unlisted company does not exceed the prescribed threshold limit of 1,00,000. 2. A sum of 1,10,000 was paid to SJB Co. for the acquisition of its mutual fund units. Yes, since the amount paid exceeds - 50,000. 3. An application was submitted to Punjab National Bank (PNB) for the issuance of a credit card. Yes, quoting of PAN is mandatory on making an application to a banking company for issue of credit card. 4. Payment of 1,50,000 in cash was made to a travel agent for the purchase of foreign currency amounting to USD 1,500. Yes, since the amount paid exceeds - 50,000.