How 5 Pan Card Changes in Draft Income Tax Rules Could Impact Daily Transactions

How 5 Pan card changes in draft income tax rules could impact daily transactions

The government has proposed significant revisions to the circumstances in which individuals must provide their Permanent Account Number (Pan) for routine financial transactions. The draft Income Tax Rules 2026 propose higher Pan-quoting thresholds for cash deposits, motor vehicle and property transactions, hotel and event payments

Big Update: Govt Changes PAN Rules For Select High-Value Transactions-All You Need To Know

Draft I-T Rules 2026 hike PAN limits for cash, property, vehicles, hotel bills; crypto reporting, CBDC inclusion raise tracking debate.

New PAN Rules 2026: Higher Limits for Cash and Property

New PAN Rules: Higher Limits for Your Money The Indian government has shared a new draft for tax rules. Specifically, they want to change when you must show your PAN card. However, these new rules aim to make life easier for most people. Therefore, many daily tasks will now have less paperwork. New Cash Deposit Limits First, the current rule asks for a PAN for ₹50,000 in one day. Specifically, the new draft changes this to an annual limit. Then,…

PAN compliance overhaul in Draft Tax Code 2026: 5 key changes explained for taxpayers - BusinessToday

PAN thresholds have been recalibrated across categories such as property purchases, vehicle transactions, hospitality payments and insurance relationships, even as reporting norms for cash deposits and withdrawals are made more stringent.

New Income Tax Rules : હવે આટલા કેશ ટ્રાન્ઝેક્શન પર PAN Card જરૂરી, 1 એપ્રિલથી લાગુ થશે આ નિયમો જાણો

નવા આવકવેરા કાયદા, 2025ના ડ્રાફ્ટ નિયમોમાં PAN કાર્ડની જરૂરિયાત સંબંધિત મહત્વના ફેરફારો પ્રસ્તાવિત કરવામાં આવ્યા છે. આ ફેરફારોનો મુખ્ય હેતુ નાના અને સામાન્ય વ્યવહારો માટે કાગળકામ ઘટાડવાનો તથા કરદાતાઓને રાહત આપવાનો છે. આ નવા નિયમો 1 એપ્રિલ, 2026થી અમલમાં આવવાની શક્યતા છે.પ્રસ્તાવિત નિયમો અનુસાર, હવે નાણાકીય વર્ષ દરમિયાન કુલ ₹10 લાખ કે તેથી વધુ રકમની રોકડ જમા કે ઉપાડ કરવામાં આવે ત્યારે જ PAN નંબર આપવો ફરજિયાત રહેશે. હાલના નિયમ મુજબ, એક જ દિવસે ₹50…

Govt Releases Draft Income Tax Rules 2026 with Major PAN, Crypto and HRA Changes

Govt Releases Draft Income Tax Rules 2026 with Major PAN, Crypto and HRA Changes The government has released draft Income Tax Rules 2026 with some important proposed changes. It proposed to increase the limit for transactions where quoting a Permanent Account Number (PAN) is required, including cash deposits and withdrawals from banks, buying vehicles or property, […]