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

• Draft Income Tax Rules 2026 propose significant changes to PAN regulations.
• PAN mandatory for cash deposits/withdrawals only if total exceeds ₹10 lakh annually, up from ₹50,000 daily.
• PAN required for motor vehicle purchase only if price exceeds ₹5 lakh (includes two-wheelers now).
• PAN needed for hotel/event payments only if exceeding ₹1 lakh, increased from ₹50,000.
• Property transactions (purchase, sale, gift) require PAN if value exceeds ₹20 lakh, doubled from ₹10 lakh.