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Ritesh M   12 August 2021

Pan number of members in redevelopment agreement

Dear Members.

My society (CHS) is going for redevelopment in maharashtra state. All members of the society  are to sign the redevelopment agreement. However I see that there's no mention of their pan numbers in the agreement.    pan of builder and society is mentioned.  Is it required or recommended that pan numbers of all members be mentioned in the development agreement and do we also need photocopy of the pan to be annexed in the printed copy registered?

would appreciate clarity on this subject. Thanks in advance. ritesh.


 1 Replies

G.L.N. Prasad (Retired employee.)     13 August 2021

The PAN No. is mentioned as a process of confirming the personal identity and it was added recently as mandatory in certain agreements that involve money transactions to plug evasion of income tax and to have effective control of incomes.  Strictly speaking, not mentioning the PAN may not be proper, but it no way affects the validity of the agreement.

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