What are the key PAN rule changes in draft I-T Rules that may impact daily transactions?

Under Draft Income Tax Rules 2026, buyers and sellers won't be required to quote their PAN for motor vehicle transactions below ₹5 lakh. PAN will be required for cash deposits or withdrawals of ₹10 lakh or more annually, and for hotel or restaurant payments exceeding ₹1 lakh. PAN will be mandatory for selling or purchasing immovable properties above ₹20 lakh.