According to the rules of the Income Tax Department, a person should have only one PAN card. If by mistake you have two PAN cards, then correct this mistake in time, otherwise you can get into trouble.
Just like the Aadhar card, PAN card is also an important document. It is needed for many important tasks, from filing ITR to many other things. Many times, when the PAN card is lost, people get a second PAN card, later if their first PAN card is also found, then the person has two PAN Cards.
According to the rules of the Income Tax Department, a person should have only one PAN card. If by mistake you have two PAN cards, then correct this mistake in time and surrender the duplicate PAN card. If the Income Tax Department comes to know about this, then you can get into trouble. Know the way to surrender the PAN card.
In these situations, more than one PAN card can be made
- Many times people apply for PAN card and if it does not come within the stipulated time limit, then they apply again. In such a situation, two PAN cards can be made. If the person applying for PAN checks the status of PAN online instead of applying again, then this situation will not arise.
- If there is any kind of mistake in the PAN card, then many times people apply for a new PAN card instead of getting it corrected. In such a situation also, the person gets two PAN cards.
- If a woman changes her surname after marriage, then many times she applies for a new PAN card and due to this she has two PAN cards. Instead of this, they should get the correction done in the existing PAN card itself.
- Some people may apply for multiple PANs with the intention of cheating the government or saving money.
What will the Income Tax Department do
According to the rules of the Income Tax Department, if a person has two PAN cards, then he can be fined Rs 10,000 or he may have to serve a minimum sentence of 6 months, or both punishment and fine can be imposed.
This can also be a loss
Apart from this, having two PAN cards can spoil your credit profile. Actually, before giving a loan, the bank verifies your documents. In such a situation, many times if a person has two PAN cards, he can be considered a fraud and his loan can be rejected. In such a situation, many times the bank can also blacklist him.
If you have two PAN cards, surrender one
- You can surrender the PAN card both online and offline. To surrender online, you have to go to the NSDL website.
- After this, from the Application Type drop-down, choose the Changes or Correction in existing PAN Data/Reprint of PAN Card (No changes in existing PAN Data) option.
- Fill the form and submit it. After submitting the form, your request will be registered. After this, a token number will be sent to your email ID.
- Note down the token number and continue the process by clicking on Continue with PAN Application Form given below. Now a new webpage will open. On this page, choose the option of Submit scanned images through e-Sign.
- On the bottom left side of the page, you will have to fill the details of the PAN card that you want to keep with you. Fill in the requested information, after this choose the option of Next.
- After this, upload the requested documents like photo, signature, address, identity card etc. Make payment wherever required. After payment, you will see a receipt to download. Download it and keep it safe.
- Now send two photographs along with a copy of the receipt to the NSDL office. Before sending the receipt, label the envelope with Application for PAN cancellation and the receipt number. Also send a letter to the officer who listed the duplicate PAN information and request him to cancel it.
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