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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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New PAN norms 2026: Where quoting is relaxed and where its now mandatory

New Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However, PAN is now mandatory for certain property transactions and annual cash withdrawals exceeding Rs 10 lakh. Form 97 replaces Form 60 for declarations without PAN.

23 May 2026 9:59 am