India, March 31 -- Amit Singh, a small-business owner, plans to purchase a residential plot from Anagha Gupta for Rs.18.5 lakh. Under the earlier framework (1962 Rules), property transactions above Rs.10 lakh required both parties to quote their PAN. However, since this deal will take place after April 1, 2026, it will be governed by the new Income Tax Rules, 2026, which raise the mandatory PAN threshold to Rs.20 lakh.

From April 1: Higher PAN threshold for property deals On March 20, 2026, the Central Board of Direct Taxes (CBDT) notified the Income-tax Rules, 2026, effective from April 1, 2026. One of the immediate changes for individuals is the revision of the threshold for quoting PAN in real estate transactions, which has been incre...