Rs. 10000 fine if you have a Second PAN Card! Know how to Avoid and Surrender Second PAN Allotted

Not everyone possessing multiple or duplicate PAN cards harbors malicious intentions; many are unaware of their duplicate status. Discovering common scenarios leading to duplicate PANs is essential.

1. Repetitive Applications: Individuals who don’t receive their PAN after the first application may unknowingly reapply, inadvertently acquiring multiple PANs. It is advisable to exercise patience, as delays are possible. The outsourcing of PAN issuance has increased the likelihood of miscommunication in cases of dual applications.

2. Details Modification: With name changes becoming commonplace, individuals altering their names during events like marriage might apply for a new PAN without canceling the old one, resulting in multiple PANs. This is particularly common among newly married women adopting new names or addresses.

3. Malicious Intent: Some individuals intentionally apply for multiple PANs with the aim of deceiving the government or evading taxes, constituting serious violations that attract penalties.

Consequences of Multiple PAN Cards

Not everyone intentionally applies for a second PAN Card, but Government regulations strictly penalize the ownership of multiple PANs, imposing a Rs 10,000 fine under Section 272B of the Income Tax Act. This penalty serves as a deterrent against acquiring duplicate PANs. It is crucial for individuals to be aware of these consequences and take necessary measures to avoid unintentional violations.

Have you been allotted with more than one PAN Number? If yes, the consequences are dire and the same calls for immediate action as the same can result in a hefty fine of Rs. 10,000/-.

Here are some frequently asked questions regarding the possession of a second PAN Card —

I have been allotted more than one PAN, what is the procedure for cancellation/ surrender of other PAN(s)?

You may fill and submit the PAN Change Request application form by mentioning the PAN which you are currently using on top of the form.

All other PANs inadvertently allotted to you should be mentioned at item no. 11 of the form and the corresponding PAN card copy/s should be submitted for cancellation along with the form.

What is the procedure to cancel/surrender the PAN which is being currently used?

If you wish to cancel/ surrender your PAN (which you are currently using), then you need to visit your local Income Tax Assessing Officer with a request letter to cancel/ surrender your PAN.

Is it possible to cancel a PAN Card application and reapply for one?

No, a PAN application cannot be canceled and a new one applied for. An assessee can only file an application to renounce or change an additional PAN if it was given to them mistakenly.

What is the payment procedure for canceling a PAN Card?

If an assessee wishes to cancel their PAN to apply for a new one, they must complete a request form and submit it together with a demand draught or check for Rs. 96 (Rs. 85 for the application + 12.36% Service Tax) made payable to ‘NSDL-PAN’.

Here’s how to apply for Cancellation of PAN

Learn how to seamlessly surrender your PAN (Permanent Account Number) through both online and offline methods with this comprehensive guide:

Online Method

Step 1: Fill and submit the PAN Change Request application form, specifying the current PAN at the top. List any other inadvertently allotted PANs in item no. 11, and submit corresponding PAN card copies for cancellation along with the form.

Offline Method

Step 1: Complete Form 49A for Change or Correction in PAN, indicating the PAN number to be surrendered. Submit the form at the nearest UTI or NSDL TIN facilitation center. Retain a copy of the acknowledgment for future reference.

Step 2: Draft a letter addressed to the Assessing Officer in your jurisdiction. Find your Jurisdiction Officer [here](www.incometaxindiaefiling.gov.in) (Know your Jurisdiction Officer). Include personal details like the full name on your PAN card, date of birth (or date of incorporation for companies or firms), PAN card number to be retained, and details of the duplicate PAN card being surrendered. Keep the received acknowledgment.

Step 3: While submitting the letter from Step 2, enclose a copy of the duplicate PAN to be surrendered along with the acknowledgment obtained from the NSDL TIN facilitation center in Step 1.

To avoid penalties, individuals should proactively surrender additional PANs through a straightforward process. Common scenarios leading to duplicate PANs include repetitive applications, details modification (such as name changes), and, in some cases, malicious intent.

Consequences of multiple PAN cards are not limited to intentional violations; unintentional possession also attracts penalties. To surrender additional PANs, individuals can follow the simple procedure, either online or offline.

Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates