New PAN regime comes into effect from today

January 1, 2016

New Delhi, Jan 1: Eyeing to curb black money and widen the tax base, the government has effected changes in rules related to the use of PAN from Friday.

pancard
Under this, quoting the PAN will be mandatory for cash payment to settle hotel bills or buying foreign travel tickets of and above Rs 50,000.

For non-luxury transactions, too, quoting PAN will be required for payment of above Rs 2 lakh in cash or through card. Purchase of jewellery above Rs 2 lakh or immovable property above Rs 10 lakh will also require the same.

Besides, opening of bank accounts other than under the Pradhan Mantri Jan-Dhan Yojana or term deposits with banks exceeding Rs 50,000 at one go will require the PAN. If an individual deposits Rs 5 lakh in a bank, post-office or non-banking financial institution in a year, he or she can to do it only with help of PAN. Twenty types of transactions have been listed by the government which will be regulated under the new PAN regime in the new year.

Those who do not have PAN number are required to fill a one-page form with details of valid proofs of identity and address like Aadhaar and Voter ID for all such transactions.

The move is in line with the government’s aim to curb black money in circulation. The government also aims to widen the tax base by obtaining more information about tax-payers through these measures.

Any false declaration by an individual not possessing the PAN card can earn him up to a seven-year jail term and a hefty fine under income-tax regulations.

The PAN is a 10-digit alphanumeric number issued in the form of a laminated card by the IT department to any person, firm or entity.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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News Network
December 19,2025

Mangaluru: Public transport in Mangaluru is set for a state-led transformation as the government moves to deploy 100 new electric govt buses to replace unreliable private services. The initiative aims to provide a dependable alternative to private operators who have been frequently "cutting trips," leaving thousands of commuters stranded.

The announcement was made by Deputy Commissioner and MCC Administrator Darshan HV during a public phone-in session. The move specifically targets routes where private bus service has become erratic, ensuring that citizens no longer have to rely on a fluctuating private sector for their daily commute.

Restoring the Govt Presence

The transport crisis was brought to the forefront by Ramayya, a resident of Bajal, who highlighted a growing trend of private buses skipping morning and night trips. With the previous KSRTC (govt) services discontinued, residents have been left without a fallback option.

To fix this, the DC confirmed that the PM-eBus Sewa Scheme will bring 100 government-owned electric buses to the city:

•    Phased Deployment: The first 50 of the new 100 government buses are scheduled to arrive by March 2026.

•    State Infrastructure: Two new government depots, including one at Mudipu, are being prepared for operations.

•    Recruitment: The state has already begun training a new batch of government bus drivers to ensure the fleet is operational the moment it arrives.

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News Network
December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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