Now online is life. Many people do online transactions for small purchases. But if you spend lakhs of rupees in online shopping, then there is danger.

If the transaction account of lakhs of rupees is not correct, then there may be danger. If someone spends more than two lakh rupees on shopping, then a hefty fine can be imposed. If the person cannot show the PAN card. Because of the strict rules of the Income Tax Department, it is mandatory to show PAN card in transactions of Rs.2 lakh or more.   Many people think that PAN card is only used for filing Income Tax Return (ITR).

But this card is not only for filing ITR, but also has many other uses. For example, if you buy anything worth 2 lakh rupees or more, like gold, silver, phone, TV, laptop, refrigerator, etc., it is mandatory to show PAN card. In case of travel spending more than two lakh rupees, presentation of PAN card is also mandatory.  If buying or selling any property worth more than 20 lakh rupees, it is mandatory to show PAN card. Showing PAN card is also mandatory in buying car, bike. You have to show PAN card even if you buy anything worth 2 to 5 lakh rupees. If buying shares worth more than one lakh rupees from an unlisted company, showing PAN card is also mandatory. If you cannot show PAN card or give wrong information regarding PAN card, then compensation of Tk 10 thousand has to be paid.