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flag India replaces Form 60 with Form 97 for property purchases above Rs 20 lakh without a PAN card, effective April 1, 2026.

flag India's Income Tax Department is replacing Form 60 with a new Form 97 for property purchases above Rs 20 lakh without a PAN card, effective April 1, 2026. flag The 2025 tax act overhaul includes updated forms designed to simplify compliance and reduce errors. flag Officials estimate this will cut annual filings by 80-85%, from 12.5 crore to significantly fewer, aiming to make the system more efficient.

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