PAN Card Rules Change: Major Impact on Property, Car Purchases from April 1

• Eight major changes to PAN card rules effective April 1, linking PAN with draft income tax rules.
• PAN mandatory for cash withdrawals over Rs 10 lakh annually and transactions of Rs 50,000+ daily.
• PAN required for car/house purchases over Rs 5 lakh; property transactions over Rs 20 lakh.
• Hotels, restaurants, event management bills exceeding Rs 1 lakh will require PAN.
• Annual insurance premiums over Rs 50,000 will necessitate PAN; simplifies tax tracing for large transactions.