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Terms and Conditions

These terms and conditions apply to the News National app (hereby referred to as "Application") for mobile devices that was created by (hereby referred to as "Service Provider") as an Ad Supported service.

Upon downloading or utilizing the Application, you are automatically agreeing to the following terms. It is strongly advised that you thoroughly read and understand these terms prior to using the Application. Unauthorized copying or modification of the Application, any part of the Application, or our trademarks is strictly prohibited. Any attempts to extract the source code, translate the Application into other languages, or create derivative versions are not permitted. All intellectual property rights remain the property of the Service Provider.

The Service Provider is dedicated to ensuring the Application is as beneficial and efficient as possible. They reserve the right to modify the Application or charge for services at any time and for any reason. Any such charges will be clearly communicated.

The Application stores and processes personal data provided by you. You are responsible for maintaining the security of your device and access to the Application. Jailbreaking or rooting your device is strongly discouraged as it may compromise security and application performance.

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The Application uses third-party services that have their own Terms and Conditions. Refer to the following links:

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Some Application functions require an internet connection (Wi-Fi or mobile data). The Service Provider is not responsible if the Application does not function fully due to lack of access or depleted data. If using the Application outside a Wi-Fi area, you accept responsibility for any charges incurred, including roaming fees. If you are not the bill payer, it is assumed you have obtained permission.

It is your responsibility to keep your device charged. The Service Provider is not responsible if the device is unavailable due to a drained battery.

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The Application may be updated to remain compatible with the operating system. You agree to install updates as offered. The Service Provider may discontinue the Application at any time without notice. Upon termination:

Rights and licenses granted to you will end.
You must stop using the Application and delete it from your device.

Changes to These Terms and Conditions

The Service Provider may update these Terms and Conditions periodically. Please review this page regularly. Changes will be posted on this page.

Effective Date: 2025-07-23

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New PAN Rules From April 1: Good News For People In Tier-2 And Tier-3 Cities

ABP LIve

2 hours ago

2

0 👍 ❤️ 😂 😮 😢 😡

From April 1, 2026, the Draft Income Tax Rules, 2026 propose increasing the threshold for mandatory PAN quoting in property transactions from Rs 10 lakh to Rs 20 lakh. The proposed change, which may also extend to certain gifts and joint development agreements, is expected to provide relief to first-time homebuyers, particularly in tier-2 and tier-3 cities where property values are relatively lower. However, tax experts advise that buyers and sellers should continue to quote PAN voluntarily, as property transactions often carry tax implications, especially in cases involving capital gains.

Cash Transactions-Stricter Monitoring

Proposed Changes:

PAN must be quoted if total cash deposits or withdrawals exceed Rs 10 lakh in a financial year.
If total exceeds Rs 20 lakh, PAN must be quoted and verified.
This is meant to track large cash movements and reduce tax evasion.

Motor Vehicle Purchase-Relaxed Requirement

Proposed Changes:

PAN required only if vehicle value exceeds Rs 5 lakh.
Currently, PAN is required for almost all vehicle purchases (except motorbikes). This change relaxes compliance for lower-value vehicles.

Hotels And Restaurants-Higher Limit

Proposed Changes:

PAN required only if the bill exceeds Rs 1 lakh.
At present, PAN is mandatory for payments above Rs 50,000. This reduces paperwork for higher hotel and restaurant bills.

Property Transactions-Increased Threshold

Proposed Changes:

PAN required only if property value exceeds Rs 20 lakh.
Currently, the limit is Rs 10 lakh This makes compliance easier for smaller property transactions.

Insurance Policies-Expanded Requirement

Proposed Changes:

PAN required for any account-based relationship with an insurance company.
Earlier, PAN was needed only if the annual premium exceeded Rs 50,000. Under the draft rule, even smaller policyholders may need to provide PAN.

If implemented, these reforms could simplify everyday transactions while strengthening the tax system’s ability to track significant financial movements.

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