PAN Card: It is very important that you have only one PAN card. Holding two PAN cards is not allowed. If you are caught with two PAN cards, the Income Tax Department can take action against you.
PAN or Permanent Account Number is a 10 digit alphanumeric ID, which is an important legal identity card for Indians. This is your important document for the Income Tax Department, but it is very important that you have only one PAN card.
Holding two PAN cards is not allowed. If you are caught with two PAN cards, the Income Tax Department can take action against you.
What if I have more than one PAN?
According to the rules of the Income Tax Department, if you have more than one PAN, you can face a fine of up to Rs 10,000.
How to get two PAN cards?
There can be many reasons behind having two PAN cards, such as-
Multiple Applications:
It is possible that you may have applied for PAN and it has not arrived on time, so you may have to apply again. Two pans were made from this.
There is a mistake in PAN:
If there was a mistake in your PAN and instead of getting it corrected, you applied for a new one.
New PAN generated after marriage:
Women often change their surname after marriage, after which it has to be changed in their PAN also. There may be two cards in this position.
Reasons for fraud:
Some people also keep multiple PAN cards together for fraud, which is illegal.
How to surrender PAN?
You can apply for PAN surrender both offline and online.
How to surrender online?
You have to fill the PAN Change Request Application Form, on top of which you have to enter the PAN number you are using. Item No. In section 11 you will have to give details of the second PAN. A copy of this will also have to be attached and then submitted by visiting the NSDL website.
How to surrender offline
You have to fill Form 49A. Enter the details of the PAN card to be surrendered in the form. And submit this form to your nearest UTI or NSDL TIN Facilitation Centre. Be sure to keep its acknowledgment receipt.
Write a letter to the Assessing Officer of your jurisdiction. You can find out who is the jurisdictional officer of your area on the Income Tax Department website.
In this letter you will have to enter all the information entered in your PAN card. Details of the duplicate PAN card to be surrendered will also have to be given.
You should also verify and submit the copy of the duplicate card and the acknowledgment receipt received from NSDL TIN therein.