🔔 Key PAN Transaction Changes

Effective from April 1, 2026

The draft Income Tax rules propose higher limits for mandatory PAN quoting in several transactions. Here’s what you should know:

💰 Cash Deposits & Withdrawals

PAN required if aggregate cash transactions exceed ₹10 lakh in a financial year. (Current rule: ₹50,000 in a single day)

🏠 Property Transactions

Reporting threshold proposed to increase from ₹10 lakh to ₹20 lakh for sale/purchase of immovable property.

🚗 Motor Vehicles

PAN required for vehicle purchases exceeding ₹5 lakh. ✔ Now includes high-value two-wheelers ✔ Tractors remain excluded

🍽 Hotel & Restaurant Payments

PAN mandatory if cash payment exceeds ₹1 lakh. (Current limit: ₹50,000)

🛡 Insurance Policies

PAN will be mandatory to start any account-based relationship with an insurance company, irrespective of premium amount. 📌 These changes aim to improve transparency while easing compliance through higher thresholds.

📞 For PAN compliance, Income Tax advisory or documentation support: Delhi GST & Tax Experts