PAN Card News: Every day we do some shopping, big or small. For which online transactions are also done. Small daily purchases are fine, but there are many occasions when purchases worth lakhs are made. While doing transactions, one does not even notice how much goods have been purchased. If you do this then now you will have to control it. Let us tell you why.

If you are a shopaholic and do not pay attention to the bill while shopping, then this is a must. Because if you shop for more than Rs 2 lakh, you may face a heavy fine. Especially if you do not have a PAN card, then this will be done strictly. In fact, from now on, if you do any big transaction of Rs 2 lakh or more, then it is necessary for you to have a PAN card.

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PAN is necessary not only for transactions but also for these works
PAN card is not only for filing ITR, but it is used for many other purposes. Let us tell you for which purposes PAN card is necessary:

• If you buy goods worth more than Rs 2 lakh like gold-silver, phone, TV, laptop, fridge etc. then you will need PAN card.
• Even if you are traveling somewhere and the expenditure is more than Rs 2 lakh, it is still mandatory for you to have a PAN card.
• If you buy or sell property worth more than Rs 20 lakh, you will have to provide PAN card.
• PAN card is mandatory for purchasing any vehicle, bike or any other item worth Rs 2 to 5 lakh or more.
• Even if you buy shares worth Rs 1 lakh of an unlisted company, you will have to show your PAN card.
• It is necessary to show PAN while opening a demat account or making any other kind of investment.

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If you don’t have PAN, you will be fined
If you do not have a PAN card while doing any of these things, you may be fined. Without PAN card, the process of any of these works will not proceed. If any wrong information is given in lieu of PAN, then a fine of around Rs 10,000 can be imposed on you. In such a situation, if you are thinking of doing a transaction of more than Rs 2 lakh in the future, then always keep the PAN card with you.

Income Tax Return: Do you know that filing tax returns today is not just an annual rule to be followed. Now according to the new rules, before filling it, people need to pay attention to whether their main identity and banking details are completely correct and updated or not. So, for this it is very important that your PAN card and Aadhar card are linked.

Know the rules before getting a refund

If you want to get a refund, it is considered very mandatory to first verify the bank accounts. In this matter, experts believe that you can get your refund only after accessing methods like OTP, Net Banking as well as Digital Signature Certificate to complete the return filing process.

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Which documents need to be taken care of

Keep in mind that before filing the return, do not forget to review the statements like Form 16, Annual Information Statement (AIS), Taxpayer Information Summary (TIS) and Form 26AS. On the other hand, big benefits like exemption on house rent, holiday travel, investment under Section 80C, health insurance under Section 80D and home loan interest are also given in it.

Which documents are required according to income?

According to the information, you should keep salary slips, Form 16 and rent receipts safely. Apart from this, people with pension should keep their pension details ready.

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What to do if you have foreign property?

But, if an Indian resident has bank accounts, foreign shares or any property abroad, even if there is no benefit from it, it is still considered very important to disclose the same in ITR. Not only this, along with heavy fines for not giving information about foreign assets, strict investigation can also be initiated by the authorities.

PAN Card Mandatory: PAN Card (PAN) has become a very important document today. Its use is not limited only to tax related work. Today it is used in everything from banking to buying a car, property etc. If you do not have PAN card, you will not be able to do many important things.

The government has issued a list of many financial transactions where PAN will be mandatory. Let us know, for which works a PAN will be required?

List of works issued by the government

1. It is necessary to provide PAN card even in matters related to investment. If you invest more than Rs 50,000 in mutual funds, bonds, debentures or RBI bonds, then you are required to provide your PAN number during this process.

2. It is mandatory to provide PAN card even in purchase and sale related to property and shares. If you buy or sell property worth more than Rs 10 lakh or deal in unlisted shares worth more than Rs 1 lakh, then it is mandatory to provide PAN number.

3. PAN card also becomes necessary in banking related transactions. If you deposit more than Rs 50,000 in cash in a day or make a demand draft or pay order of the same amount, then you need to provide PAN number during this process.

4. Under the rules, PAN card is required while opening bank and demat accounts. PAN card will have to be provided while opening a new bank account (except basic account) or demat account.

5. Insurance and Wallet: If you have a life insurance premium of more than Rs 50,000 in a year or spend this much in digital wallet, it is mandatory to provide PAN card.

6. Vehicle purchase and sale: PAN card is required for purchase or sale of any motor vehicle except two-wheeler.

7. Luxury and travel expenses: PAN card is required for cash payments of more than Rs 50,000 in hotels/restaurants.

There has been a change in PAN card rules

Under the new rules of PAN card, making PAN card is no longer easy. Earlier, PAN card could be made very easily by just showing documents like Aadhar card.

According to the new rules, now to get a PAN card, documents like birth certificate, 10th mark sheet, passport or voter ID card will be required. The government has taken this decision to make the PAN card more secure.

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ITR Refund Update: Have you also filed ITR and have not received your refund yet? If you are thinking of money not coming into your account as some technical fault, then do not make this mistake at all. It is possible that you have not yet linked PAN and Aadhaar, due to which this money is stuck. This is a small mistake which crores of people have made. About which Minister of State for Finance Pankaj Chaudhary has recently told in the Parliament.

What did Minister of State for Finance Pankaj Chaudhary say?
In fact, recently in a session of Parliament, Minister of State for Finance Pankaj Chaudhary has informed that crores of rupees of lakhs of tax payers of the country are stuck due to this one small mistake. He told that people have not linked PAN card with Aadhaar, due to which refund of 1,30,638 taxpayers has been stopped. This refund is of total Rs 340.30 crore. So if you have also made this mistake, there is still time to correct it. Let us tell you how.

You can still link PAN to Aadhaar
If you have not yet linked your PAN card with Aadhaar, then you do not need to worry at all. Because you can still do this but you will have to pay a fine for it. This service was free till 31 December 2025, but now the government has imposed a fine on it. Now to link PAN-Aadhaar you will have to pay one thousand rupees. This is being charged as late or penalty fee.

Here in just a few steps we tell you how you can link your PAN card with Aadhaar.

• For this, first go to the portal and login to incometax.gov.in.
• Now click on Link Aadhaar in the Quick Links section on the homepage.
• After coming here, a window will open where you will have to fill your PAN and Aadhaar number.
• After this, pay the late fee of Rs 1,000 through e-Pay Tax.
• After this, an OTP will come on the mobile number linked to Aadhaar, write it on the option in the window here and proceed.
• With this easy process you can link your PAN and Aadhaar.

After following these steps, when PAN and Aadhaar are linked, it will automatically appear from inoperative to operative in the system of the department. After this your refund will also be deposited in your account within 7 days to 30 days.

New Income Tax Rules 2025: Income-tax Act, 2025 is going to be implemented in India from April 1, which will replace the almost 60 years old Income-tax Act, 1961. The government says that this is not just a change in the tax system, but a process of redrafting the entire law. The biggest relief for the common people is that there has been no change in the tax slabs and tax rates. However, tax reporting, disclosure and filing will become more stringent, digital and transparent than before.

Let us know what important changes have been made in the new income tax rules, which is important for you to know.

1- Meal Benefits

In the new rules, a big benefit has been given in meal benefits for salaried employees. Now the limit of tax exemption on meal cards or vouchers given by the company (like Sodexo, Pluxee etc.) has been increased from Rs 50 per meal to Rs 200 per meal. With this, an employee can get tax-free mileage benefits of up to Rs 1 lakh annually, which will increase his tax savings.

2-HRA

The rules of House Rent Allowance (HRA) have also been changed. Now, along with Delhi, Mumbai, Chennai and Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad have also been included in the cities with 50 percent HRA relaxation. However, by tightening the rules, it has now been made mandatory to provide information about the landlord for making HRA claim, which will prevent fake claims.

3-Form 16

A major change is that now companies will not issue Form 16 to employees, instead a new Form 130 will be given. With this, ITR filing will become completely system based and any discrepancy in TDS may lead to delay in refund.

4- Rules of PAN card

Apart from this, the rules related to PAN card have also been tightened. Now it will be mandatory to provide PAN in high-value transactions like buying and selling of a vehicle. Also, making the process of choosing tax regime easier, now there will be no need to fill any separate form, rather the option can be chosen within the ITR itself.

That is, this new law has been brought not to increase taxes but with the aim of making the system more transparent, digital and accurate. This includes goals like faceless assessment, less human intervention and faster refunds. In such a situation, it is important for people to keep checking their salary structure, HRA details, PAN linking and TDS from time to time, so that any kind of problem can be avoided in future.

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PAN Card Safety Tips: If there is any most important financial document used in the country, it is PAN card. Whether you want to open a bank account, file income tax return or take a loan. It is needed everywhere. Facilities have increased in the era of digital banking and instant loans. But the methods of fraud have also increased equally. In many cases, people then come to know that the loan is running in their name.

When he himself goes to get a new loan or credit card and the application is rejected. Imagine that you have not taken the loan and the EMI is registered in your name. If not checked in time, CIBIL score may get spoiled and further financial planning may get spoiled. Therefore, it is important that you keep checking from time to time whether any fake loan is linked to your PAN.

How to check loan in your name?

To take a loan you need PAN card. Is any fake loan taken on your PAN card? To find out this, first download your credit report. There are four authorized credit bureaus in India. Like TransUnion CIBIL, Experian, Equifax and CRIF High Mark.

You can get a free report once a year from their website. Check the Account Information or Loan Details section of the report carefully. If you see any loan which you have not taken or there is an entry from an unknown bank. So get alert immediately. A sudden large loan amount or an uninformed credit inquiry is also a hint that something is wrong.

Keep checking in on apps and statements

Today, many fintech apps on phones like CRED, Paytm and Google Pay show information about active loans and cards related to your PAN. Keep notifications on on these. So that news of any new entry can be received immediately. Along with this, definitely check the bank statement every month.

complain here

If EMI is being deducted without information or any suspicious transaction is seen. So don’t delay. Contact the concerned lender immediately. File a complaint with the credit bureau and, if necessary, report it to the National Cyber ​​Crime Portal or call the 1930 helpline.

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India’s capital markets regulator Securities and Exchange Board of India (SEBI) has updated the classification rules of mutual fund schemes on 26 February. The new rules will replace the old categorization rules of 6 October 2025 and 6 November 2025 and will be applicable to mutual funds, AMCs, trustee companies and AMFIs. Now mutual fund schemes will be in 5 broad groups: Equity, Debt, Hybrid, Life Cycle Funds and Other Schemes. The biggest change has come in Equity Funds, where the minimum allocation for each category has been fixed. Multi Cap Funds will now invest at least 75% in equity, comprising 25% large-cap, 25% mid-cap and 25% small-cap. Minimum 80% allocation in Large Cap Funds and 35%-35% in Large & Mid Cap Funds will be mandatory.

The last deadline for linking PAN Aadhar was given till 31 December 2025. After this, the PAN of those who did not do this work came in the category of inactive. Inactive PAN does not mean that the number has expired. Rather, you will not be able to do many things related to it.

PAN Rule Changes: There are going to be changes in the rules related to Income Tax from the new business year starting from 1st April. Amidst the ongoing preparations regarding this, the Income Tax Department has issued draft Income-Tax Rules, 2026 as well as draft tax return forms and has also sought suggestions from the general public on this. This objective is to make the tax system simple, understandable and transparent to everyone. Some changes related to PAN card are also proposed in the Draft Income-Tax Rules, 2026, whose effect you will see in everyday life.

The government has given the list in the Draft Income Tax Rules, 2026, where it will be necessary to declare PAN. Under the draft Income Tax Rules, 2026, several monetary limits have been increased, which may make compliance easier for small transactions, while the rules will become stricter for larger transactions. Let us know which rules are going to change regarding PAN card:-

Higher limit for cash deposit and withdrawal

One of the biggest changes is related to cash dealings with banks. Under the draft rules, it will be necessary to disclose PAN only when there is deposit or withdrawal of Rs 10 lakh in one or more bank accounts in a financial year.
This is quite different from the existing rule, in which it is necessary to quote PAN if cash is deposited more than Rs 50,000 in a day in a bank or cooperative bank. In the proposed rule, the government is focusing on big transactions, so that high value transactions can be monitored.

When will PAN be given while buying a car?

According to the draft rules, PAN will have to be mentioned while purchasing a vehicle only if the price of any four wheeler including motorcycle is more than Rs 5 lakh. Currently, PAN is mandatory for purchasing a motor vehicle, irrespective of the price. There are no special rules for buyers of vehicles and two-wheelers priced lower than this. The purpose of the new limit is to link compliance with the purchase value, which will eliminate the problem of providing unnecessary PAN details for buyers of low-cost vehicles.

Relief for small hotel and event payments

If the draft rules are approved, there will be changes in the hospitality and events sector as well. PAN will be required only when the payment being made to a hotel, restaurant, banquet hall, convention center or event manager is more than Rs 1 lakh. Under the current rule, it is mandatory to quote PAN for hotel or restaurant bills of more than Rs 50,000. Doubling the limit will make it easier for customers to pay small bills without any extra documents.

New PAN limit for real estate related deals

If the value of your purchased, sold, gifted property or any joint development agreement related to it is more than Rs 20 lakh, then it is necessary to show PAN card. Currently this limit is Rs 10 lakh.

Insurance related changes

The new rules also include important changes regarding the insurance sector. PAN will become mandatory to start an account-based relationship with the insurance company. Under current rules, PAN is required only if the life insurance premium in a financial year exceeds Rs 50,000.

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If you have not linked PAN to Aadhaar by 31st December. So from January 1, your PAN will be considered inactive. PAN number will not expire, but its use will become almost useless. There will be difficulty in filing income tax return and even if refund is made, it may also get stuck.