Key Highlights
- Government plans to revise PAN quoting rules for financial transactions.
- New rules aim to relax requirements for small transactions and tighten them for larger ones.
- Transaction limits for quoting PAN will be significantly raised for activities like vehicle purchases and bank withdrawals.
- Public consultation on the draft rules is open until February 22, 2026.
- The changes are intended to reduce compliance burdens for low-value transactions.
