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

• New Draft Income Tax Rules 2026 propose stricter PAN regulations, replacing 1962 rules.
• Inactive PANs (not linked to Aadhaar) won't receive tax refunds; higher TDS/TCS may apply.
• PAN mandatory for cash transactions over ₹20 lakh, credit card applications, and large investments.
• Hotels, banquet halls must record PAN for cash payments exceeding ₹1 lakh.
• Property purchases over ₹45 lakh require PAN; digital processes for PAN allotment and updates.