In a notification issued on May 10, 2022, the government has come out with new rules especially pertaining to those making financial transactions without a Permanent Account Number (PAN) or Aadhaar. The Central Board of Direct Taxes has made new rules, called the Income–tax (Fifteenth Amendment) Rules, 2022.

As per the new rules, furnishing PAN or Aadhaar will be compulsory in the following transactions: