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SEBI CBDT ease PAN compliance for foreign investors after onboarding chaos over new forms

SEBI CBDT ease PAN compliance for foreign investors after onboarding chaos over new forms

SEBI and the Central Board of Direct Taxes (CBDT) have relaxed PAN-related onboarding rules for foreign portfolio investors after complaints that the revamped Income-tax Rules and March PAN forms made compliance overly complex across jurisdictions. The updates simplify documentation, contact disclosures and taxpayer identification fields. CBDT clarified that the authorised signatory name in the common application form is enough, liability is limited to PAN application, and optional fallbacks like using FPI registration number or “0000000000” for missing TINs are allowed.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Post office rules changed for 2026 now PAN is mandatory for key transactions

Post office rules changed for 2026 now PAN is mandatory for key transactions

The Department of Posts has updated transaction norms under the Income-tax Rules, 2026. For specified post office transactions, customers must quote their PAN. If you do not have a PAN, you’ll need to submit Form 97 with complete details. The rules also introduce Form 121, replacing Forms 15G and 15H for claiming TDS exemptions.

Summarised by Beize from a story on The Economic Times on 1 May 2026

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PAN becomes mandatory for high value buys from April 1 2026 no Form 97 fallback

PAN becomes mandatory for high value buys from April 1 2026 no Form 97 fallback

Under the new Income Tax Rules 2026 starting April 1 2026, PAN will be mandatory for multiple high value transactions, including buying motor vehicles over Rs 5 lakh, opening demat accounts, and investing in mutual funds above Rs 50,000. Form 97 replaces Form 60, but its use is drastically curtailed, leaving fewer cases where PAN can be avoided.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026
PAN rules change from April 1 as limits rise and Form 93 comes in

PAN rules change from April 1 as limits rise and Form 93 comes in

From April 1, new PAN application rules under the Income-tax Act 2025 take effect. Category-specific PAN forms will replace the earlier Aadhaar-only option, and mandatory PAN quoting expands for high-value transactions like large cash deposits and property deals. Taxpayers may also need extra documents when applying, making compliance more important than ever.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
ITR changes from April 2026 five updates for Tax Year 2026-27 you must know

ITR changes from April 2026 five updates for Tax Year 2026-27 you must know

From April 1, 2026, India’s new Income Tax Act and Rules will reshape ITR filing for Tax Year 2026-27. Some taxpayers get extended ITR due dates, while deadlines for updated and revised returns are revised. The rules also expand where PAN quoting becomes mandatory, aiming to improve compliance and streamline filing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
No PAN for property purchase Use new Form 97 income tax rules start now

No PAN for property purchase Use new Form 97 income tax rules start now

The Income Tax Department has replaced Form 60 with a new Form 97 for people without a PAN who complete certain transactions. This includes buying property above Rs 20 lakh up to Rs 45 lakh, opening bank accounts, and making specific cash payments. The change is meant to streamline compliance and reduce reporting for these declarations.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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CBDT rolls out new PAN correction forms from April 2026 check who must use which form

CBDT rolls out new PAN correction forms from April 2026 check who must use which form

The Central Board of Direct Taxes has notified new PAN correction forms for updating PAN-related details. Individuals must use PAN CR-01 while non-individuals will file PAN CR-02. The changes take effect from April 1, 2026, with both online and offline submission options. Applicants must submit accurate PAN details and a copy of their PAN card, and Aadhaar is mandatory for most users.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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