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

• Government invites feedback on draft income tax rules applicable until 2026, aiming to simplify the tax system.
• Bank deposits: PAN mandatory for annual cash deposits exceeding ₹10 lakh, replacing the daily ₹50,000 limit.
• Vehicle transactions: PAN required only for vehicles valued over ₹5 lakh, not for all purchases/sales.
• Hotel/Restaurant payments: PAN mandatory for bills exceeding ₹1 lakh, up from the current ₹50,000 limit.
• Immovable property: PAN required for transactions over ₹20 lakh, doubling the current ₹10 lakh threshold.