Significant PAN Card Rule Revisions Effective April 1, 2026

Starting April 1, 2026, the Indian government is set to implement four major changes to PAN card rules, significantly increasing transaction limits for mandatory PAN submission. These revisions aim to provide substantial relief to common individuals and small traders by simplifying tax compliance and reducing the burden of paperwork.

Key Changes to Transaction Limits:

• Bank Cash Deposits/Withdrawals: The mandatory PAN submission limit for cash deposits or withdrawals in a financial year has been increased to ₹10 Lakhs. Previously, this limit was ₹50,000 per day.
• Motor Vehicle Purchases: For buying a motor vehicle, PAN card submission will now be mandatory only for purchases above ₹5 Lakhs. This exempts lower-value transactions, including many two-wheelers and second-hand cars.
• Hotel and Banquet Hall Bookings: The new rules mandate PAN submission for hotel or banquet hall bookings only if the bill exceeds ₹1 Lakh. This provides relief for family vacations or functions where bills previously crossed the ₹50,000 threshold.
• Property Transactions: To enhance transparency in the real estate sector and curb black money, PAN card submission will be compulsory for any property purchase or sale transaction exceeding ₹20 Lakhs.

These updates are designed to streamline financial activities, reduce the need for frequent PAN submissions, and ease the overall compliance process for taxpayers across various everyday transactions.