Credit Card Holders: 5 New Rules Effective April 1st

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Credit Card Rules Alert: 5 Major Changes Coming April 1, 2026

Credit Card Rules Alert: 5 Major Changes Coming April 1, 2026

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News18•20-02-2026, 13:36

Credit Card Rules Alert: 5 Major Changes Coming April 1, 2026

•Draft Income Tax Rules 2026 propose 5 significant changes for credit card users from April 1, 2026.
•Digital payments of ₹10 lakh+ or cash bills of ₹1 lakh+ may be reported to the Income Tax Department.
•Credit card statements (last 3 months) can now serve as valid proof of address for PAN applications.
•Credit cards may soon be an option for income tax payments, offering convenience but potentially incurring processing fees.
•PAN mandatory for all new credit card applications; company-provided cards' personal use may be taxable perquisite.

Read Full Article on News18 in Hindi

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