PAN Not Required for Hotel Bills Under ₹1 Lakh

in #income18 hours ago

The Indian government’s draft Income Tax Rules 2026 proposes a higher threshold for PAN quoting, meaning PAN will no longer be compulsory for hotel, restaurant or event bills below ₹1 lakh in a single transaction. Previously, PAN was required for bills above ₹50,000. This move aims to ease compliance on everyday hospitality spending while retaining PAN requirements for larger amounts. These changes form part of broader updates under the new Income Tax Act 2025, likely effective from April 1, 2026, pending final notification from the tax authorities.
Read More: https://www.registrationwala.com/updates-and-alerts/pan-no-more-compulsory-for-hotel-bills-below-rs-1-lakh