Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, others https://www.taxtmi.com/news?id=70662 Draft Income Tax Rules 2026 require PAN for cash deposits/withdrawals aggregating Rs 10 lakh in a year, motor vehicle purchases over Rs 5 lakh (including motorcycles), hotel/event payments over Rs 1 lakh, and immovable property transactions over Rs 20 lakh; PAN will also be required to open account-based relationships with insurance companies. en-us Mon, 09 Feb 2026 18:16:05 +0530 Mon, 09 Feb 2026 18:16:05 +0530 TaxTMI RSS Generator Draft Income Tax Rules raises threshold for quoting PAN for cash deposits, car purchase, others https://www.taxtmi.com/news?id=70662 Draft Income Tax Rules 2026 require PAN for cash deposits/withdrawals aggregating Rs 10 lakh in a year, motor vehicle purchases over Rs 5 lakh (including motorcycles), hotel/event payments over Rs 1 lakh, and immovable property transactions over Rs 20 lakh; PAN will also be required to open account-based relationships with insurance companies. News - Mon, 09 Feb 2026 18:16:05 +0530 https://www.taxtmi.com/news?id=70662