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New PAN Card Rules Proposed: Higher Limits for Cash Deposits and Vehicle Purchases in Draft Income Tax Rules 2026

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New Delhi: The government has unveiled the Draft Income Tax Rules, 2026, proposing significant changes to Permanent Account Number (PAN) requirements. Linked to the upcoming Income Tax Act, 2025, these revisions aim to simplify compliance for everyday transactions while tightening monitoring on high-value financial activities.

The new rules are expected to come into effect from April 1, 2026. Here is a breakdown of the key proposals and how they impact the common man.

1. Relief on Cash Deposits and Withdrawals

One of the most major reliefs comes for banking transactions. Currently, quoting PAN is mandatory for cash deposits exceeding ₹50,000 in a single day.

  • Proposed Change: Under the new rules, PAN will only be mandatory if the aggregate cash deposit or withdrawal across all bank accounts exceeds ₹10 lakh in a financial year. This shift from a daily limit to an annual aggregate is expected to significantly reduce the paperwork for routine banking.

2. Higher Threshold for Vehicle Purchases

Currently, providing a PAN card is mandatory for the purchase of any motor vehicle, regardless of its price.

  • Proposed Change: The draft rules propose that PAN will only be required if the price of the motor vehicle (including two-wheelers) exceeds ₹5 lakh. This aligns the documentation requirement with the actual value of the asset.

3. Easing Hospitality and Event Payments

For payments made to hotels, restaurants, banquet halls, or event managers, the current PAN requirement kicks in for bills exceeding ₹50,000.

  • Proposed Change: The threshold is proposed to be doubled to ₹1 lakh. This is seen as a move to ease compliance for moderate family or business expenses in the hospitality sector.

4. Real Estate Transactions

Reflecting the rise in property prices, the government has proposed increasing the transaction limit for quoting PAN in property deals.

  • Proposed Change: The limit for purchase, sale, gift, or joint development of immovable property is set to increase from ₹10 lakh to ₹20 lakh.

5. Stricter Norms for Insurance

While many sectors see relaxed limits, the insurance sector will see tighter norms.

  • Proposed Change: A new provision will mandate PAN for establishing any account-based relationship with an insurance company. Currently, PAN is only required if life insurance premiums exceed ₹50,000 in a financial year.

Other Key Updates

  • Crypto Reporting: Mandatory reporting of transactions by cryptocurrency exchanges.
  • Digital Currency: Recognition of Central Bank Digital Currency (CBDC) as a valid electronic payment mode.

The Central Board of Direct Taxes (CBDT) has released these draft rules for public feedback following the Budget 2026 announcement. Final rules are expected to be notified by early March 2026.

Reel to Real Life Hero: Actress Sreeleela Graduates with an MBBS Degree

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Popular South Indian actress Sreeleela has added a prestigious feather to her cap, officially becoming ‘Dr. Sreeleela.’ The actress was awarded her MBBS degree at the convocation ceremony held at DY Patil University in Mumbai.

Photos and videos of the star, dressed in her convocation gown and mortarboard, have already gone viral on social media. Fans and followers are showering her with praise for her dedication, marveling at how she successfully balanced a busy acting schedule with the rigorous demands of medical school.

A Family Legacy A student of the 2020 batch, Sreeleela followed in the footsteps of her mother, Swarnalatha, who is a renowned gynecologist in Bengaluru. Despite her rising fame in the film industry, she remained committed to her education, a feat that has garnered immense respect from her fanbase.

On the Work Front Sreeleela was last seen in the Sudha Kongara directorial Parashakti, which marked her debut in Tamil cinema. Having started her career with the Kannada film Kiss in 2019, she quickly rose to stardom with hits like Dhamaka, Bhagavanth Kesari, and Guntur Kaaram.

Her upcoming projects include a musical romance drama directed by Anurag Basu and the highly anticipated D55 alongside Dhanush, directed by Rajkumar Periasamy.

Personal Notes Born in Detroit, USA, and raised in Bengaluru, Sreeleela has always prioritized both her passion for the arts and her academic goals. Reports also mention her compassionate side, noting her involvement in adopting and caring for three children, further endearing her to the public.

“If Blocked Here, I’ll Find Another Way”; KSRTC Driver Yadhu Krishnan Turns Swiggy Delivery Partner

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Thiruvananthapuram: Yadhu Krishnan, the KSRTC driver who was at the center of a controversy involving Thiruvananthapuram Mayor Arya Rajendran, has found a new livelihood. He has now taken up a job as a Swiggy delivery partner.

Yadhu was spotted by the media while working during the national strike. He revealed that he has been working with the food delivery platform for the past month. He explained that constant difficulties from officials while driving the bus forced him to shift to this new sector.

“While driving the bus, I was constantly targeted with inspections and other issues. Since the case is still ongoing, I decided to step away for the time being to avoid further trouble. However, driving a bus remains my passion,” Yadhu said.

He added that one only needs the mindset to work, regardless of the job. “If there is an obstacle in one place, I will look for the next job; I won’t just sit and give up,” he stated. Yadhu also mentioned that he is currently earning a better income than his KSRTC salary, making around ₹2,000 a day if he works full-time.

Pic Source : News18

India Implements Strict New AI Content Rules: Mandatory Labels and 3-Hour Takedown Window

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New Delhi: In a major move to combat deepfakes and misinformation, the Government of India has officially notified amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. These new regulations, aimed at governing Synthetically Generated Information (SGI), will come into effect on February 20, 2026.

Under the new mandate, social media giants like Instagram, YouTube, and Facebook, as well as individual content creators, must adhere to strict transparency standards regarding Artificial Intelligence (AI).

Key Highlights of the New AI Regulations:

1. Mandatory AI Disclosure Labels

Every piece of content—be it audio, video, or image—that has been artificially created or algorithmically altered to look authentic must carry a clear and prominent label. This label must be visible on the content itself, ensuring users know they are viewing AI-generated media before they interact with or share it.

2. 3-Hour Content Removal Deadline

The government has significantly tightened the timeline for removing illegal content. For specific lawful orders, platforms now have only three hours to take down content, down from the previous 36-hour window. Other compliance timelines have been slashed from 15 days to seven, and 24 hours to 12.

3. User Declarations and Metadata

Significant Social Media Intermediaries (SSMIs) are now required to ask users if their content is AI-generated during the upload process. Furthermore, platforms must embed persistent metadata and unique identifiers into AI content to ensure traceability, making it harder for labels to be removed when files are downloaded and re-uploaded.

4. Automated Blocking of Illegal Media

Platforms are now legally obligated to use automated tools to proactively block specific categories of harmful AI content, including:

  • Child Sexual Abuse Material (CSAM).
  • Deepfakes intended to deceive or misrepresent real people.
  • Content involving explosives or weapons.
  • Obscene or pornographic synthetic media.

5. Legal Consequences for Users

The rules aren’t just for big tech. Users who misrepresent AI-generated content or use it for deceptive purposes could face penalties under the Bharatiya Nyaya Sanhita (BNS) or the POCSO Act. Platforms are also required to send “due diligence” warnings to users at least once every three months to remind them of these penalties.

What Stays Exempt?

The government has clarified that routine digital edits do not fall under these strict rules. This includes:

  • Color correction and noise reduction.
  • Language translation and transcription.
  • Illustrative AI graphics used in professional presentations (like PowerPoint) or research papers.

The Bottom Line

With these rules, India joins a select group of nations taking a firm stand against the unregulated growth of AI-generated misinformation. For the average user, the most visible change will be the “AI-generated” tags on reels and videos, providing a much-needed layer of transparency in the digital age.

“It Slept Quietly in the Cupboard for Years”: Shamna Kasim Reveals the Romantic Story Behind Her Special Gown

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Actress Shamna Kasim (Poorna) has melted hearts on social media with a touching revelation about the outfit she wore for her recent motherhood celebration. In an emotional post, the actress shared that the gown she wore was not just a designer piece, but a cherished symbol of love.

Shamna revealed that the gown was a gift from her husband on the very day he first said “I love you” to her. She wrote that for years, the dress “slept quietly in the cupboard,” waiting for a special occasion to be worn. That moment finally arrived as she celebrated her journey into motherhood.

“To my beloved husband, who held my hand and made this day more beautiful than a dream—my heart is full of gratitude,” she penned in the heartfelt note.

The actress also took a moment to appreciate the students from her dance school, expressing how their presence and performance filled her with pride and joy.

Arjun Tendulkar Wedding: Sachin Tendulkar Invites PM Modi with Saaniya Chandhok

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Arjun Tendulkar Wedding

New Delhi: Cricket legend Sachin Tendulkar met with Prime Minister Narendra Modi in New Delhi on Friday to personally invite him to the wedding of his son, Arjun Tendulkar, and Saaniya Chandhok.

The “Master Blaster” was accompanied by the bride-to-be, Saaniya Chandhok, during the visit. Tendulkar took to social media to share moments from the meeting, expressing gratitude to the Prime Minister for his time and blessings.

Sachin Thanks PM Modi for “Thoughtful Advice”

Sharing photos of the interaction on X (formerly Twitter), Tendulkar penned a heartfelt note. He described the opportunity to invite the Prime Minister as a “great honour.”

“It was a great honour to meet our Hon. Prime Minister Shri @narendramodi ji to invite him to Arjun and Saaniya’s wedding. Thank you for your blessings and thoughtful advice to the young couple, Sir,” Sachin wrote.

The images show Tendulkar handing over the wedding invitation to PM Modi, with Saaniya standing beside them.

Arjun Tendulkar and Saaniya Chandhok Wedding Date

According to various media reports, the wedding of Arjun Tendulkar and Saaniya Chandhok is scheduled for March 5, 2025. The ceremonies are expected to be a grand affair, likely hosted in Goa, a favorite destination for the Tendulkar family.

Who is Saaniya Chandhok?

Saaniya Chandhok, who was seen seeking the Prime Minister’s blessings alongside Sachin, has been in the spotlight since the wedding news broke. While details about the couple’s relationship have been kept relatively private, the wedding is anticipated to be one of the biggest celebrity events of the year, attended by top cricketers, Bollywood stars, and political figures.

Kerala Set for Total Shutdown as Joint Trade Unions Call for 24-Hour National Strike on February 12

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Thiruvananthapuram: Normal life in Kerala is expected to come to a grinding halt this Thursday, February 12, as the Joint Trade Union has called for a 24-hour nationwide strike. The strike, protesting against the central government’s policies, will be effective from midnight on Wednesday to midnight on Thursday.

Trade union leaders have announced that the state will face a near-total shutdown, with the public transport system and commercial sectors bearing the brunt of the protest.

What Will Be Affected?

The strike is expected to paralyze the movement of vehicles and the functioning of various institutions across the state.

  • Public Transport: KSRTC and private buses will stay off the roads.
  • Private Vehicles: Auto-rickshaws, taxis, and freight lorries will also participate in the strike.
  • Commercial Establishments: Shops, markets, and shopping malls will remain closed.
  • Offices & Banks: Operations in banks, insurance offices, and both central and state government offices are likely to be disrupted.
  • Other Sectors: The IT sector, industrial units, construction, and port operations will also be affected.

Exemptions: Essential Services & Pilgrims Spared

In a move to minimize public inconvenience during critical times, the Joint Trade Union has announced specific exemptions:

  • Religious Events: Sabarimala pilgrims and the Maramon Convention have been excluded from the strike. The panchayats of Kozhencherry and Thottapuzhassery, where the convention is held, are completely exempt.
  • Essential Services: Hospitals, pharmacies (medical shops), ambulance services, fire & rescue, milk supply, and newspaper distribution will function as usual.

Unions and Support

The strike has garnered support from the Samyukt Kisan Morcha, various agricultural workers’ unions, and Left-wing political parties including the CPM and CPI. State government employees and teachers’ unions have also pledged their participation.

However, the NGO Sangh (BMS) has stated they will not participate, terming the strike as politically motivated.

With the majority of transport unions participating, commuters are advised to plan their travel accordingly to avoid being stranded.

Sai Dhanshika

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Sai Dhanshika Photos – Check out the latest pictures, pics, Dhanshika new photos, movie stills, event photos, Sai Dhanshika photoshoot and images of Dhanshika. Sai Dhanshika is an Indian film actress, who mainly appears in Tamil and Malayalam movies.

A Legend’s Blessing: Sachin Tendulkar Gifts Iconic Farewell Series Jersey to U-19 Captain Ayush Mhatre

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MUMBAI: In a heartwarming gesture that bridges two generations of Indian cricket, legendary batter Sachin Tendulkar personally hosted India’s U-19 World Cup-winning captain, Ayush Mhatre, at his residence. To honor the young leader’s recent triumph, the “Master Blaster” presented him with a priceless souvenir—the jersey Tendulkar wore during his historic farewell Test series.

India recently clinched their sixth U-19 World Cup title under Mhatre’s clinical leadership, sparking celebrations across the nation. Tendulkar, known for mentoring emerging talents, invited the young captain to congratulate him on the achievement.

A Message of Excellence

The gift wasn’t just a piece of memorabilia; it carried a personal touch. On the jersey, Tendulkar penned an inspiring note for the young prodigy:

“Ayush, keep working hard and stay focused. Wishing you a bright future ahead.”

“A Dream Come True”

Taking to social media to share his excitement, Ayush Mhatre described the meeting as a surreal moment. “Standing next to my idol and receiving a jersey he actually wore is something I could only dream of. His words of encouragement mean more to me than the trophy itself,” Mhatre stated.

The Road Ahead

Ayush Mhatre has been a standout performer in the domestic circuit and was the pillar of India’s success in the U-19 World Cup. Cricket analysts believe that this endorsement from Tendulkar serves as a “passing of the torch,” marking Mhatre as a significant prospect for the senior Indian National Team in the coming years.

Ferrari Luce: Everything We Know About Ferrari’s First Electric Supercar

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Ferrari has officially ushered in a new era of automotive excellence with the reveal of the Ferrari Luce, the brand’s first-ever fully electric vehicle (EV). Meaning “light” or “illumination” in Italian, the Ferrari Luce is not just a shift in powertrain; it is a masterclass in how luxury performance can coexist with sustainable technology.

Jony Ive and LoveFrom: A Five-Year Design Collaboration

In a historic move, Ferrari partnered with LoveFrom, the creative collective founded by legendary former Apple designer Sir Jony Ive and Marc Newson. This five-year collaboration has culminated in an interior that defies modern EV trends.

While many competitors are moving toward massive, all-encompassing touchscreens, the Luce prioritizes tactile luxury. The cabin features:

  • Machined Aluminum Controls: Satisfying physical buttons, dials, and toggles.
  • Corning Fusion5 Glass: Used for the instrument face and the innovative “E Ink” key.
  • Aviation-Inspired Ergonomics: A cockpit designed for maximum driver engagement.

Ferrari Luce Performance and Specs

While the full technical suite will be detailed closer to the May 2026 launch, early reports indicate the Luce will be a quad-motor beast.

FeatureSpecification (Estimated)
Model NameFerrari Luce
PowertrainQuad-Motor Electric (AWD)
Horsepower1,000+ hp
0-100 km/h (0-62 mph)2.5 Seconds
Top Speed310 km/h (193 mph)
Battery Capacity122 kWh
Estimated Range530+ km (330 miles)

The “Ritual” of the Ferrari EV

Ferrari is ensuring that the soul of the “Prancing Horse” remains intact despite the lack of a V12 roar. The Luce introduces a startup ritual where a physical glass key is docked into the center console, triggering a choreographed light sequence that “transfers life” to the vehicle. This focus on the “human-machine interface” (HMI) sets the Luce apart from the clinical feel of many modern EVs.

Why the Ferrari Luce Matters for the EV Market

The reveal in San Francisco confirms that Ferrari isn’t just building an electric car to meet regulations—they are redefining the high-performance EV category. By choosing the name “Luce,” Ferrari signals that electrification is a way to “illuminate” the future of driving pleasure.