What happens if we have 2 PAN card?

What happens if we have 2 PAN card?

Under the Income Tax Act, penalty for having more than one PAN is Rs 10,000.So, if you have two PAN, then you should apply for the surrender of additional PAN.

How can I check multiple PAN card details?

Online P​AN Verification

  1. Step-1. Logon to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/
  2. Step-2. Click on ‘Verify Your PAN details’ hyperlink from the ‘Quick Links’ Section.
  3. Step-3. Enter the PAN, Full Name (As per PAN), Date of Birth and Choose the ‘Status’ as applicable.
  4. Step-4.

Can you have 2 PAN cards?

If the PAN number in both the cards are different, then you will have to surrender one of the PAN Number as soon as possible. It’s illegal for a person or company to have more than one PAN Number. If caught, Income Tax Department can take a legal action or put financial penalties.

How can I cancel my double PAN card?

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. मुझे एक से अधिक पैन आवंटित किए गए हैं, इन्हें रद्द/ अभ्यर्पित (सरेंडर) करने की प्रक्रिया क्या हैं?

Can 2 PAN cards have same mobile number?

PAN is supposed to be a unique number and no two individuals or entities can hold the same number. Further, the income tax rules also do not allow the same individual to hold two or more different numbers.

Is e PAN card valid?

1. Electronically issued and Digitally signed ePAN is now a valid mode of issue of Permanent Account Number (PAN) post amendments in clause (c) in the Explanation occurring after sub- section (8) of Section 139A of Income Tax Act, 1961 and sub-rule (6) of Rule 114 of the Income Tax Rules, 1962. 2.

Can I cancel my PAN card and apply for new one?

Can one cancel their PAN Card application and reapply for a new one? No, one cannot cancel their PAN application and apply for a new one. Only if an assessee has been inadvertently allotted an additional PAN, can they make an application request to surrender/modify the additional one.

Can I surrender my PAN card and apply for new one?

How can I surrender a second PAN card online?

Follow these steps to surrender your PAN card online:

  1. Visit the NSDL website.
  2. From the “Application Type” drop-down, select the “Changes or Correction in existing PAN Data/Reprint of PAN Card (No changes in existing PAN Data)” option.
  3. Fill out the form completely and click the ‘Submit’ button.

Can two PAN cards have same email id?

As we have informed you earlier that Income tax department has fixed the maximum limit for number of accounts that can be associated with one email id or mobile number. This limit has been fixed at 4(increased to 10 now ). This has been done to increase security for income tax return e filing.

Is Gmail necessary for PAN card?

It is mandatory to mention your phone number or email id in the PAN Card application. If the applicant provides the email id, he/she will receive a copy of PAN card as soon as the PAN number and the card is allotted.

How can I get e-PAN in 10 minutes?

  1. Visit the e-Filing website of the Income-tax Department.
  2. Click the link- ‘Instant PAN through Aadhaar’.
  3. Click the link- ‘Get New PAN’.
  4. Fill in your Aadhaar in the space provided, enter the captcha and confirm.
  5. You will receive an OTP on the registered Aadhaar mobile number.
  6. Submit this OTP in the text box on the webpage.

Can I have 2 PAN cards?

A Permanent Account Number (PAN) and a PAN Card. You have two PAN Cards. Please check if both the card have exact same PAN Number. If the number is same, you are good. You don’t have to do anything. You can keep both the cards.

What is the penalty for having more than one PAN card?

Penalties imposed: As the act of possessing more than one PAN card is a punishable act by law, one is found to be carrying multiple PAN cards is charged with penalties. As per Section 272B of the Income Tax Act, 1961, a penalty of Rs. 10,000 is charged on the individual or entity that is found to be having more than one PAN card.

Should you surrender more than one PAN card?

So, in case you have more than one PAN, ensure you surrender one of them immediately before it leads you to financial and legal hassle. Sumit Kumar is a content writer with specialization in the field of personal finance.

Can I have more than one Pan number?

If the PAN number in both the cards are different, then you will have to surrender one of the PAN Number as soon as possible. It’s illegal for a person or company to have more than one PAN Number.