Income Tax Draft Rules 2026: Explaining Cash Limits and PAN Regulations

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Income Tax Draft Rules 2026: New PAN Limits for Cash, Vehicles, Property

The income tax department has proposed to allow cash withdrawal and deposits of up to Rs 10 lakh in a financial year without the requirement of a Permanent Account Number (PAN).

N

News18•20-02-2026, 10:21

Income Tax Draft Rules 2026: New PAN Limits for Cash, Vehicles, Property

•Income Tax Draft Rules 2026 propose allowing cash withdrawals and deposits up to Rs 10 lakh annually without PAN.
•Currently, PAN is mandatory for cash deposits exceeding Rs 50,000 in a day; no aggregate annual limit for withdrawals.
•The new rules, part of the Income Tax Act, 2025, are open for public review until February 22.
•PAN now required for vehicle purchases above Rs 5 lakh and immovable property transactions exceeding Rs 20 lakh.
•PAN no longer needed for hotel bills below Rs 1 lakh; mandatory for insurance company account relationships.

Read Full Article on News18 in English

✦

More like this

✦

More like this

New Income Tax Rules: No PAN for cars/bikes under Rs 5 lakh, higher limits for cash

New Income Tax Rules: No PAN for cars/bikes under Rs 5 lakh, higher limits for cash

PAN Card New Rules 2026: Major Changes Coming to PAN Card Usage

PAN Card New Rules 2026: Major Changes Coming to PAN Card Usage

New Income Tax Draft Rules PAN Card New Rules

PAN Card Rules Tighten from April 1, 2026: What You Need to Know

अब दो-पहिया और चार-पहिया दोनों तरह के वाहनों की खरीद पर PAN तभी देना होगा, जब वाहन की कीमत 5 लाख रुपये से ज्यादा हो।

Major PAN Rule Changes Proposed: Higher Limits for Cash, Vehicles, Property, Hotels

real estate property

PAN Relief for Property Deals up to ₹20 Lakh: Draft Income Tax Rules 2026 Unveiled

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

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