PAN Card: If you have a PAN card, then this news is for you only. PAN i.e. Permanent Account Number (PAN) is growing as an essential document for the simple living of common people. Whether you want to take a loan or open a bank account, file income tax return or get a house, PAN card is an essential document for all tasks. However, there is such a rule related to PAN card that if you do not know then you can be jailed or fined.
Those having PAN should avoid this mistake or else there will be loss
According to Income Tax rules, it is illegal to have more than one PAN card. For doing so, you may have to pay a jail term of 6 months or a fine of up to 10 thousand rupees. Under Section 272B of the Income Tax Act 1961 of the Income Tax Act, those holding a double PAN card may have to pay a jail term of 6 months or a penalty of ten thousand rupees.
If you have double pan card then surrender one
The Income Tax Department provides the facility of online application for making a PAN card, but if by mistake two PAN cards were made while making the card or you already have two cards, then first of all think about surrendering one of these PAN cards. . It is illegal to have more than one PAN card. If you have made more than one PAN card by mistake, then surrender one of them immediately.
how to surrender pan
The Income Tax Department has explained the complete procedure to surrender more than one PAN card. You can surrender the extra PAN card through both online and offline mode. The process of surrendering the PAN card is that by visiting the Income Tax website, you can find out your ward from here. After this, you can surrender the PAN card after taking an appointment with the official there.
In this way the process will be completed
While giving this application, you will have to fill a bond of Rs 100. The ward officer will give you a receipt after taking the details of your PAN card. Along with this, some original documents will also have to be submitted. After this, the process of surrendering the PAN card will be completed in a few days.
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