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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Rule 114B

Regulation & tax

The rule listing transactions where PAN must be quoted — large cash deposits and drafts, purchases of securities, property dealings and others.

In plain terms

Without a PAN the transaction is either refused or reported with a declaration in its place. It is why a counter asks for the card on things that feel unrelated to tax.

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Indian stock market glossary · Market Vidyalaya