Pan Card Expire Date: PAN card is a very important document. Many works cannot be done without it. In such a situation, the question arises that how long is the validity of PAN card. That is, if someone has a 15 year old PAN card, then has it expired? Let’s know the answer to this question. Read the full news..
We can use PAN card as ID-proof. This is a document that is used at the time of financial transactions. In today’s time, PAN card has become mandatory to open a bank account or file returns.
In such a situation, have you ever wondered how long the PAN card you have is valid. Today we will tell you whether PAN card also has an expiry date.
Let us tell you that PAN card is issued by NSDL (National Securities Depository Limited). PAN card is a legal document. It is used to track financial transactions. PAN card has become mandatory to reduce tax evasion and to know the correct income per person.
The Income Tax Department has made it mandatory to link Aadhaar with PAN. This means that if the PAN card is not linked to Aadhaar, then the PAN card becomes inactive.
Does PAN card expire?
The answer is no. Although the PAN card never expires. Its validity is lifetime. But, the PAN card is canceled after the death of the person. A separate application has to be given for this. That is, it expires after the death of the PAN card holder.
The 10-digit alphanumeric number present on the PAN card contains the information of the person. Therefore, in many places, only the PAN card number is asked instead of a copy of the PAN card.
How many PAN cards can a person keep legally?
According to the Income Tax rules, a person can have only one PAN card. If he keeps more than one PAN card, action can be taken against him. According to the rules, there is a provision for imposing fine for holding more than one PAN card.
