PAN Card New Rules 2025 – Check Latest Updates On Pan 2.0

The Income Tax Department issues the PAN Card to the citizens of India. This acts as the Identity proof for the citizens and is used for various purposes. The tax related information of the person is being recorded in the PAN card. The PAN acts as the 10 digit alphanumeric character and it is just like a physical or the digital card. Now the PAN Card New Rules 2025 have been updated and it states that if you have entered into a transaction of Rs 250000 or more, you need to have the PAN card and if you don’t have it, you shall get it before 31 May 2025. Now the other rules which shall be brought forward shall be checked through the given article.

PAN Card New Rules 2025

It is the Income Tax Department which issues the PAN card to the citizens and it stands for the Permanent Account Number. This has been the polycarbonate card and this is given to the person who applies for it and someone to whom the department allots without the need of any application. The PAN card is a 10 digit alphanumeric number and is the unique identifier which is issued to the judicial entities and is identifiable under the Indian Income Tax Act. The CBDT supervises the card and it serves as an important proof of identification. The first 5 characters are the letters, the next four are the numerals and the last one is again a letter.

There have been the new rules which have been implemented towards the PAN card and these state that if you are making a transaction above Rs 250000, it is important to have the PAN card. If you are not having one, apply for it or get the same before 31 May 2025. If you are a businessman then for you the PAN card is mandatory. Single mothers shall not provide the Father’s Name while making the application for the PAN card of children. The transgenders will be given the option to get a PAN card and the application form will have an option of the third gender.

Now the complete details on the rules have been mentioned in the given post.

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Contents On PAN Card

• Cardholder Name
• Name of Father
• Date of Birth
• PAN Number
• Signature
• Photograph of Individuals.

Types Of PAN

The different kinds of PAN card issued have been:

• Individual
• HUF
• Company
• Partnership Firm
• LLP
• Trust
• Society
• AOP
• BOI
• Foreigners 

PAN Card Rule Amendments 

• Financial Transaction of Rs 250000 or above:

If you have been involved in a financial transaction for Rs 250000 or more, you need a PAN Card and this rule is for all the individuals and if you don’t have it, you shall have one before 31 May 2025.

• Business Stakeholders:

If you have a financial interest in business, you need a PAN card and this applies to the ones who have been the managing director, director, partner, trustee, author etc. 

• Empowerment of Single Mother:

The single mothers are now no longer needed to have the child’s father’s name on the PAN card while they are applying for it. The Mothers Name will hold equal importance and will be listed in the name of Father.

• Right To Equality For Transgenders:

Equal rights shall be given to the transgenders and the application form shall have the column of third gender in it.

• Requirement of Quoting Aadhar Card:

While applying for the PAN card, you need to quote the Aadhar. The ones who don’t have an Aadhar Card will not have an option for the PAN Card application.

FAQs On PAN Card New Rules 2025