By Admin 
Income tax rules are going to become easier for common tax payers from April 1. Under the new Income Tax Act 2025 draft, the limits for PAN card usage have been increased. Now PAN will be required only on cash deposit or withdrawal of more than ₹ 10 lakh in the entire financial year. You will not have to give PAN if you buy a car worth less than ₹5 lakh and the limit for immovable property has been increased to ₹20 lakh. PAN threshold in hotels and events has also increased to ₹1 lakh. These changes will make compliance easier and promote ease of doing business.