Hello, I just wanted to ask what if we don't submit PAN to Paypal? I mean its working fine without PAN too so what if we dont? What's the final date? will they suspend account with the funds in it?
I would suggest to get PAN as earliest, since we are doing online business and guess PayPal must obey RBI rules and regulations. Paypal may suddenly stop payment for not entering PAN- you guys know very well how they do that without prior notice
What if paypal still does not accept our new PAN card number, I mean if PayPay denied our new PAN card then ?
I would guess they would limit our account if we dont submit our pan card no , maybe they just giving time to people who don't have it yet.
My suggestion is get a PAN card and move some of your transaction on to other payment processor like AlertPay.
I think as per income tax rules of India, where every individual or organisation is suppose to furnish their income details from April 1st to 31st of March, may be withdrawal from paypal will stop to the user who were unable to enter their pan number or who do not have any pan card yet? so its better to apply for the same that keep us legal and smart. Iftekhar.
Unless it happens to someone, we can't say exactly about what they do but mostly they would suspend the account.
They may suspend your account after some time and ask to enter pan no to continue using PP..Better apply for it.
Yes why not. As of now you can send,receive and withdraw money without entering Pan Card in your indian pp account. DON.
If you are facing issues attesting your new PAN number, you can always call Paypal over a phone and sort out the problem... personally! Many people have resolved such a problem in this manner and you should try it too! Regards, RightMan