PAN card rules will change from April 1, from cash deposit-withdrawal to property purchase: – ..

News India Live, Digital Desk: If you also deposit cash in the bank or are planning to buy a new car or house, then this news is very important for you. Government of India from April 1, 2026 Draft Income Tax Rules, 2026 Preparing to implement. After the introduction of these new rules, the mandatory threshold for giving PAN card will change, due to which crores of taxpayers will be directly affected.

Cash Transaction: Now PAN will not have to be given up to ₹ 10 lakh!

The biggest relief in the new rules is for those who do cash transactions in banks or post offices.

Current rule: At present, PAN card is mandatory for depositing more than ₹50,000 in cash in a day.

New rule (proposed): Now the emphasis is on annual limit instead of daily limit. PAN card requirement can be waived for aggregate cash deposits or withdrawals up to ₹10 lakh in a financial year. This will free small businessmen and common people from the hassle of giving PAN again and again.

Buying and selling property: new limit of ₹ 20 lakh

Rules have also been changed to increase transparency in the real estate sector.

Current rules: PAN card is mandatory for any immovable property (house, land or plot) transaction worth more than ₹10 lakh.

New rule (proposed): Now by increasing this limit ₹20 lakh Is being done. That means, it will no longer be mandatory to provide PAN card information in deals worth less than ₹20 lakh.

Buying a car has become easier, but there is strictness on expensive bikes.

PAN card rules on purchase of vehicles have also been rationalized.

Now ₹5 lakh PAN card will not be required if you buy a car or bike worth less than Rs.

Although, earlier PAN was not mandatory on two-wheelers (bikes), but now PAN card will be required for purchasing premium bikes costing more than ₹ 5 lakh.

Hotel Bill and Life Insurance

Hotels and Restaurants: Now PAN will not be required for paying hotel or Bangkok hall bills in cash up to ₹1 lakh (currently this limit is ₹50,000).

insurance policy: In the case of life insurance, now instead of the premium amount, PAN card will be asked ‘at the time of taking the policy’ (onboarding), so that all future transactions can be tracked.

PAN 2.0 Project: Will get a new high-tech card

Government PAN 2.0 Also working on the project. Under this, the old PAN card will be upgraded. It will have a ‘Dynamic QR Code’, through which your information can be digitally verified immediately. The good thing is that for existing cardholders this upgrade is completely free. Free It is expected that old cards will also remain valid.