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https://www.bankbazaar.com/gold-rate/pan-card-mandatory-to-buy-gold-worth-rs-two-lakh-or-more.html
Furnishing PAN card details for gold purchase was made mandatory by the Government of India for transactions valued at Rs.2 lakhs and above. The rule impacted the organised jewellery trade affecting more than 50% of business in terms of value. Prior to 1st January 2016, PAN details were required only for purchase of Rs.5 lakhs and above.
https://m.economictimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/now-no-pan-card-required-for-jewellery-purchase-of-over-rs-50000/articleshow/60973541.cms
Oct 06, 2017 · NEW DELHI: Jewellery purchases exceeding Rs 50,000 won’t require the income tax permanent account number ( PAN) to be provided after the government reversed an earlier notification on Friday, providing a big festive cheer for the sector and potential customers. Jewellers will also not be required to inform authorities about jewellery purchases of over Rs 50,000 after the government …
https://economictimes.indiatimes.com/wealth/personal-finance-news/jewellers-unhappy-over-mandatory-pan-on-purchase-of-rs-2-lakh/articleshow/50207202.cms
Dec 16, 2015 · PTI MUMBAI: The All India Gems and Jewellery Trade Federation (GJF) today expressed dissatisfaction over the government's decision to make PAN card mandatory on any transaction of Rs 2 lakh and above. "This is not practical and will discriminate 70 per cent of rural buyers, including farmers as they are not under tax net and do not have PAN cards.Estimated Reading Time: 3 mins
https://www.zeebiz.com/personal-finance/news-buying-gold-jewellery-dont-forget-to-do-this-else-you-may-invite-trouble-all-details-here-145371
Jan 07, 2021 · As per details available, jewellery shop owners will ask you for photo id proof and PAN card details, if you are buying gold jewellery. Earlier, the KYC, PAN and photo ID rule was applicable to jewellery over Rs 2 lakhs only. Giving PAN details for gold purchase was made mandatory by Centre for transactions valued at Rs.2 lakhs and above.Estimated Reading Time: 3 mins
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