24/03/2026
π¨ PAN Card Changes Effective from April 1 β Key Updates You Should Know
The Income Tax Department has introduced important updates related to PAN cards. Hereβs a simple breakdown:
πΉ Additional Proof of Date of Birth
New PAN applicants must now submit valid proof of date of birth (such as Birth Certificate, Voter ID, or Passport) along with Aadhaar.
πΉ New PAN Application Forms
Updated PAN application forms will replace the existing ones.
πΉ PAN Mandatory for High-Value Cash Transactions
PAN will be required for cash deposits or withdrawals exceeding βΉ10 lakh in a financial year.
πΉ PAN Required for Property Transactions
For property transactions above βΉ20 lakh, quoting PAN will be mandatory.
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π Why this matters?
These changes aim to improve transparency, strengthen compliance, and track high-value financial transactions more effectively.
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Action Point:
Ensure your PAN details are updated and keep necessary documents ready to avoid delays or non-compliance.
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