PAN Limits Raised: Big Relief For Taxpayers on Cash, Property, Hotel Bills

• CBDT releases Draft Income-tax Rules, 2026, open for public comments until February 22.
• New rules propose upward revision of monetary thresholds for mandatory PAN quoting in financial transactions.
• Cash deposits/withdrawals: PAN required for Rs 10 lakh or more annually, up from Rs 50,000 daily deposit.
• Hotel/restaurant bills: PAN mandatory for payments exceeding Rs 1 lakh, previously Rs 50,000.
• Immovable property: PAN threshold raised to Rs 20 lakh for transactions, including gifts and JDAs.