New Pan Rules to Tighten Financial Tracking | World Business Watch | WION

A major overhaul of pan-related rules comes into effect from April 1, with the Indian Government tightening norms to track high-value transactions and curb tax evasion.
The new framework expands the role of pan across financial activities, while also revising thresholds for cash, property, and luxury spending.
From applying for a pan card to making big-ticket purchases, the changes will impact millions of taxpayers and businesses across India.
The motive behind these changes is to bring more transactions into the formal economy and improve transparency.
Let’s look what these changes are.

#india #panrules #wion

About Channel:

WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.

Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.

Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Join our WhatsApp Channel: https://bit.ly/455YOQ0
Connect with us on our social media handles:
Facebook: https://www.facebook.com/WIONews
Twitter: https://twitter.com/WIONews
Instagram: https://www.instagram.com/wionews/
Follow us on Google News for the latest updates

Zee News:- https://bit.ly/2Ac5G60
Zee Business:- https://bit.ly/36vI2xa
DNA India:- https://bit.ly/2ZDuLRY
WION: https://bit.ly/3gnDb5J
Zee News Apps: https://bit.ly/ZeeNewsApps