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PAN QUOTING THRESHOLD
New PAN norms 2026: Where quoting is relaxed and where it’s now mandatoryNew Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However,...- No PAN, no purchase allowed - not even with Form 97; PAN is now mandatory for these high value transactions under new tax rulesNew Income Tax Rules, 2026, effective April 1, 2026, mandate PAN for several high-value transactions. Form 97 replaces Form 60, but its use...
- Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax DepartmentThe Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transact...
- 5 PAN card-related changes in draft Income-tax Rules, 2026 that could impact your cash deposits, withdrawals and other transactionsThe government has released Draft Income Tax Rules, 2026, proposing mandatory PAN disclosure for various financial transactions. Key change...
- Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, othersDraft Income Tax Rules propose significant increases in PAN quoting thresholds for various transactions, including cash deposits, vehicle p...
- Gold price rise impact on Budget 2026: Increase threshold of Rs 2 lakh for giving PAN, Aadhaar for buying gold jewellery, experts demand in Budget 2026Experts are urging the government to raise the spending limit for gold purchases requiring PAN or Aadhaar. The current Rs 2 lakh threshold,...
- Large cash deposits may soon need Aadhaar authenticationThe government is set to mandate Aadhaar authentication for large cash deposits, in a bit to control cash flow
- Large cash deposits may soon need Aadhaar authenticationEven for large withdrawals, quoting just PAN may not suffice
- Government may lower limit for quoting PAN number for cash transactionsIn addition to this disincentive, the government may also announce cash-handling charges for cash payments above a certain limit.
- Demonetisation: PAN card required if combined cash deposits exceed Rs 2.5 lakh till Dec 30The rule applies to all the bank accounts of an individual, though it is unclear how banks will capture the information of the cash deposit...
- PAN must for cash payment of hotel bill over Rs 50,000 from tomorrowPAN will be a must for all transactions, including purchase of jewellery, above Rs 2 lakhs in cash or through card with effect from Jan 1, ...
- PAN requirement to impact sales of Rs 2-5 lakh jewellery: TitanTitan expects cash sales of jewellery items between Rs 2 lakh and Rs 5 lakh to be impacted to some extent after the government lowered the ...
- Income Tax department to launch Project Insight to curb black money: GovtThe Income Tax department will implement 'Project Insight' from next year which will monitor high value transactions, with a view to curbin...
- Government to soon make PAN must for cash spending beyond a limitThe government will soon make it mandatory to furnish PAN card details for cash transactions beyond a certain threshold, FM Jaitley said.
- 50,000 NSC, 1 lakh ULIP investment may need PANThe government is giving finishing touches to a proposal to make the taxpayer identification number mandatory to invest in several small sa...
- Buying insurance to require PAN soonThe next time you buy an insurance policy or open a post office savings account, your may have to quote your PAN number compulsorily.
- Setting PAN limits in insurance, MF investmentsIn terms of premium collections, the penetration is close to 4.1% of GDP in life insurance & 0.6% in non-life.
- Company deposits, PO savings may require flashing PANYou may now have to quote your permanent account number (PAN) in more financial instruments such as fixed deposits of companies or National...
- PAN mandatory for all transactions, insurance includedThe next time you buy an insurance policy or carry out a transaction at the post office, you will be required to provide your PAN. Weekend ...
- I-T on overdrive to eliminate duplicate PAN cardsThe income tax department has embarked on an exercise to weed out 3.5 lakh duplicate permanent account numbers (PAN) issued to around 1.5 l...
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