*PAN mandatory for financial transactions.. New rules from the Center* The Central Government has brought into force new rules making PAN card mandatory for financial transactions. PAN is mandatory for purchase or sale of assets exceeding Rs. 20 lakhs, purchase of assets or services worth more than Rs. 2 lakhs, sale or purchase of shares exceeding Rs. 1 lakh, purchase of a car or bike exceeding Rs. 5 lakhs. PAN is also required to open a demat account. If PAN details are not provided, the transactions will be blocked. If false details are provided, difficulties such as a fine of Rs. 10 thousand and scrutiny from the Income Tax Department will arise.
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*PAN is mandatory for financial transactions.. New rules from the Center*
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kbabu
- June 14, 2026
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*PAN mandatory for financial transactions.. New rules from the Center* The Central Government has brought into force new rules making PAN card mandatory for financial transactions. PAN is mandatory for purchase or sale of assets exceeding Rs. 20 lakhs, purchase of assets or services worth more than Rs. 2 lakhs, sale or purchase of shares exceeding Rs. 1 lakh, purchase of a car or bike exceeding Rs. 5 lakhs. PAN is also required to open a demat account. If PAN details are not provided, the transactions will be blocked. If false details are provided, difficulties such as a fine of Rs. 10 thousand and scrutiny from the Income Tax Department will arise.
