Income Tax Draft Rules 2026: Understanding New PAN Card Requirements

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PAN Card Mandatory for High-Value Transactions: Income Tax Draft Rules 2026

Income Tax Draft Rules 2026: Key Changes On How And When Pan Card Will Be Required?

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News18•25-02-2026, 12:30

PAN Card Mandatory for High-Value Transactions: Income Tax Draft Rules 2026

•Income-tax Rules 2026 propose mandatory PAN for select high-value transactions, replacing 1962 rules.
•PAN required for property transactions over Rs 20 lakh (previously Rs 10 lakh).
•Motor vehicle purchases exceeding Rs 5 lakh, including two-wheelers, now require PAN.
•Aggregate cash deposits or withdrawals over Rs 10 lakh annually will need PAN.
•PAN mandatory for cash payments over Rs 1 lakh at hotels/restaurants and for insurance accounts.

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