5 Major Credit Card Rule Changes From April 1: Here's All You Need to Know

5 major credit card rule changes from April 1: Here's all you need to know

If you use a credit card for everyday expenses, online shopping or tax payments, several rules may change for you starting April 1, 2026. The Income Tax Department has proposed five major changes related to credit cards in the draft Income Tax Rules 2026. If approved, these rules could replace the 1962 provisions. Therefore, it's important to understand how these changes will impact your finances and tax planning. 1. Strict reporting on large cr…

Cash transactions of ₹20 lakh or more:New PAN Rules for 2026

Cash transactions of ₹20 lakh or more: Who must quote PAN under new 2026 Rules? So the taxman is back. Rule 161 of the Draft Income Tax Rules 2026 targets big Cash transactions. The goal? Clear trails. In fact, the state wants to stop tax theft. Plus, the Street is talking. New Cash Limits But here is the main part. You need a PAN for cash in of ₹20 lakh or more. Is it per year? Yes. And this limit counts all your bank accounts. Consequently, ba…

Tax Made Simple: Major Form Changes and Compliance Updates for 2026

Tax Made Simple: Major Form Changes and Compliance Updates for 2026 India’s Income Tax Department has issued the Draft Income-tax Rules, 2026, along with draft forms to implement the Income-tax Act, 2025. These rules lay out how the new tax system will start from April 1, 2026. One of the major changes is the complete […]

Income Tax Draft Rules 2026: Cash Deposit, Withdrawal Limits And PAN Changes Explained - PUNE PULSE

From April 1, 2026, new draft rules propose higher limits for cash transactions without PAN and revised thresholds for property, vehicles and hotel payments. The Income Tax Department has proposed significant changes under the Draft Income Tax Rules 2026 that aim to ease compliance for taxpayers, especially for routine cash transactions. Under the current Rule