Buying property above Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department

The Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transactions. This includes buying property above Rs 45 lakh, opening ...
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You may have to pay up to 200% penalty for misreporting income under updated tax rules

Income Tax Department outlines new penalty framework for AY 2026-27, with misreporting fines up to 200%, guiding taxpayers on ...