The government has taken a big step for the affordable housing sector. The Income Tax Department has proposed a change in the PAN Card rule regarding Immovable Property transactions in the Draft Income Tax Rules 2026. Earlier, it was necessary to give PAN on property deals of more than Rs 10 lakh, but now there is a suggestion to increase the limit to Rs 20 lakh. This means that property worth less than Rs 20 lakh can get relief from PAN. The reason for this change is inflation, relief to small buyers and reducing paperwork. Tier 2 and Tier 3 cities will benefit more. PAN will still be mandatory for properties above Rs 20 lakh.
PAN Card Rule Change 2026 | Big discount on 20 Lakh Property Deal. Affordable Housing Boost | Money Live | PAN Card Rule Change 2026 | Big discount on 20 Lakh Property Deal. Affordable Housing Boost
