Hey, I saw you asking, is PAN Card mandatory for selling property or not? The answer is yes, you do need to submit your PAN card for selling a property in India. This comes as a measure to reduce real estate fraud and prevent the creation of counterfeit arrangements. The necessity to present a PAN card while selling any property enhances the transparency of property transactions.
Why is PAN Card Mandatory for Property Transactions?
As any property sale involves a large financial transaction, linking PAN numbers to these transactions helps the authorities make a traceable and verifiable record of the deal. When it comes to property transactions, it is a requirement that both the seller and buyer show their PAN card numbers to the registrar.
Scenarios when PAN is Compulsory
Transaction of any immovable property above Rs. 10 lakhs.
For the buyer to claim TDS if the transaction exceeds 50 lakhs for an immovable property.
I will end my answer here. I hope this turns out to be useful.
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Is PAN Card Mandatory for Selling Property?
veer90
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2025-06-30T17:48:39+00:00 2025-11-11T14:22:57+00:00Comment
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