WEF 1.4.2026, CBDT has notified revision in threshold for providing PAN and SFT reporting by specified entities as per the Income Tax Rules 2026. Details below:
Revised threshold for providing PAN
a. Hotel, travel or events: Cash payment of above Rs. 1 lakh
b. Property related transaction: Increased from Rs.10 to Rs.20 lakhs
c. Vehicle purchase: any vehicle with purchase price above Rs. 5 la khs
d. Insurance policies: mandatory irrespective of premium am ount
e. Cash Deposits/Withdrawals: Mandatory if total deposits or withdrawals for all accounts exceed ₹10 lakh in a financial year as against single day deposit of Rs.50k.
Statement of Financial Transaction (SFT) reporting thresholds revise-by specified reporting entities i.e. Banks, companies etc.
a. Purchase/sale of immovable property exceeding Rs. 45 lakhs
b. Cash deposit/withdrawal from current account-Aggregate Rs. 50 lakhs and above and Savings account-Aggregate deposit Rs. 5 lakhs an d above
c. Fixed Deposits: Total existing and new FDs exceeding Rs. 10 lakhs with specified reportin g entity
d. Credit Card payment Aggregate-Cash: Rs. 1 lakhs and more Digital: Rs.10 lakhs and more
Such SFT would reflect in your AIS.
CS Sharad Bhargava