How can I cancel 2 PAN Card?

How can I cancel 2 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 PAN Change Request application form by mentioning the PAN which you are using currently on top of the form. All other PAN/s inadvertently allotted to you should be mentioned at item no.

Can I surrender 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.

What is PAN Card misuse?

The increasing importance of PAN has increased the likeliness of PAN Card identity theft. As a majority of transactions demand a photocopy of your PAN card, or simply quoting the Permanent Account Number, it is very easy for your information to be misused for high ticket purchases or benami property transactions.

Does PAN card expire?

The PAN is valid for lifetime.

Can PAN card be blocked?

They are unable to access their cards to file their IT returns. This is because the PAN that is being used by them to file returns may have been deactivated most likely. When the PAN is cancelled, the taxpayer’s income tax e-filing login will also get blocked.

Is PAN card safe to share?

Even just sharing your PAN number with someone whom you can’t trust is also not good. So avoid sharing PAN number also. Some suspicious persons may try to trace your PAN if they know some basic details about you. Like your surname, date of birth and in some cases your father’s name.

Can anyone misuse my GST number?

If any person finds that his/her PAN (Permanent Account Number) has been misused, he/she can register a complaint on the GST portal and report the GSTIN which is fraudulently obtained using the PAN. Any person whose PAN has been misused can lodge such complain.

Can a person have 2 PAN card?

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 penalty. Person may get two PAN numbers owing to many reasons such as: Instead, they should get the last name changed on their existing PAN.

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

Due to administrative errors by the Income tax Department, NSDL or UTI. “Note: As per the Income Tax Law, holding more than one PAN card is a criminal offense and can attract a penalty of Rs. 10,000/- imposed under section 272B of the Income Tax Act, 1961 for having more than one PAN”

What is multiple application for PAN card?

Multiple Applications- When an applicant applies for a PAN Card and it doesn’t arrive within the scheduled time-period and then he/she applies for the PAN card again, a multiple application case occurs.

How to surrender a PAN card?

There is a prescribed procedure to submit one PAN card out of 2 PAN cards to the income tax department as mentioned in the Income Tax Act 1961. However, in the era of Information and Communication Technology, there are 2 ways to apply for surrender of Card — Online Method and Offline Method.

How to cancel the PAN card allotted to me?

All other PAN/s inadvertently allotted to you should be mentioned in item no. 11 of the form and the corresponding PAN card copy/s should be submitted for cancellation along with the form . https://www.tin-nsdl.com/faqs/pan/faq-pan-cancellation.html