Income Tax Department Introduces Form 97 for Property Purchases Above Rs 45 Lakh Without PAN
1 hour agoBusiness
31LENS
3 Sources
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Income Tax Department Introduces Form 97 for Property Purchases Above Rs 45 Lakh Without PAN

The Income Tax Department has introduced Form 97, replacing Form 60, for individuals without a PAN card conducting specific transactions such as buying property above Rs 45 lakh, opening bank accounts, and making certain cash payments. This change aims to simplify compliance and reduce reporting requirements. Some reports incorrectly mention a Rs 20 lakh threshold, but the official limit for property transactions is Rs 45 lakh.

Political Bias
0%100%0%
Sentiment
60%
AI analysis of 3 sources · Published under editorial oversight by The Balanced News
Analysed 20 Apr 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 3 sources
● Left 0%● Center 100%● Right 0%

The articles present a straightforward government policy update without political framing or partisan perspectives. Both sources focus on official information from the Income Tax Department, reflecting a neutral stance centered on regulatory changes. There is no evident political bias or commentary influencing the coverage.

Sentiment — Neutral (60/100)

The tone across the articles is neutral and informational, emphasizing procedural changes without positive or negative judgment. The coverage aims to inform readers about new compliance requirements, maintaining an objective and factual approach without emotional language or evaluative commentary.

How 3 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

SourceTheir headlineBiasSentiment
economictimesBuying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department - The Economic TimesCenterNeutral
economictimesBuying property above Rs 20 lakh without a PAN? You must use new Form 97, says Income Tax Department - The Economic TimesCenterNeutral
economictimesBuying property above Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department - The Economic TimesCenterNeutral

Coverage timeline

economictimes broke this story on 20 Apr, 07:32 am. Other outlets followed.

  1. 1
    economictimes20 Apr, 07:32 am
    Buying property above Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department - The Economic Times
  2. 2
    economictimes20 Apr, 07:54 am
    Buying property above Rs 20 lakh without a PAN? You must use new Form 97, says Income Tax Department - The Economic Times
  3. 3
    economictimes20 Apr, 08:27 am
    Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department - The Economic Times

Lens Score breakdown

31/100
Public interest0/100
Coverage gap100%

Well-covered story — coverage matches public importance.

Who's involved

Institutions and figures named across source coverage.

Government
Income Tax Department

Story context

Category
Business
Sources analysed
3
Last analysed
20 Apr 2026
Key entities
Income Tax DepartmentPermanent account numberLakhIndian rupee