May 23, 2026 New PAN norms 2026: Where quoting is relaxed and where it’s now mandatory

The new Income Tax Act, 2025 and Income Tax Rules, 2026 have introduced significant changes relating to PAN quoting, PAN usage and Form 60 (now re-engineered as Form 97).

With these new regulations, the requirement to quote PAN for specific transactions has either been eliminated or made less strict.