A PAN (Permanent Account Number) card is a 10-character alphanumeric identifier, issued by the Income Tax Department. It is necessary for filling ITR.
If someone has two PAN cards, then he can be fined ₹ 10000 under the Income Tax Act, 1961.
In also addition under section 272B of the Income Tax Act, 1961, the Income Tax Department might impose a penalty of ₹ 10000 if someone has given incorrect PAN card information. In such a situation the Income Tax Department may cancel the PAN card for incorrect information.
If you have more than one PAN card by mistake, then surrender a PAN card immediately online and offline with the following steps.
Procedure for surrender of PAN
- Log on to the NSDL website.
- Go to “Application Type” drop-down select the “Changes or Correction in existing PAN Data/Reprint of PAN Card (No changes in existing PAN Data)” option.
- Fill the form and click ‘Submit’. Note down the token number given following the registration.
- Click on the “Continue with PAN application form” option. Upload the scanned images as required.
- Make the required payment via DD (demand draft), credit card, debit card, or internet banking.
- Mention the PAN you want to retain and others which you want to surrender.
- Select the proof of identity and address you want to submit.
- Get the downloadable acknowledgment for future reference and proof of payment.
- The acknowledgment needs to be sent to NSDL e-Gov along with fix two photographs.
And for offline procedure individuals can also fill Form 49A for Change or Correction in PAN and submit the form to the nearest UTI or NSDL TIN facilitation centre. Mention your personal details like the name on your PAN card, date of birth, PAN card numbers you want to surrender.