Do you have 2 PANs? Steps to surrender duplicate card

Those who have 2 or more PAN cards face a penalty of ₹10,000 and may also be sent to jail.

Published on: Oct 7, 2022, 08:39:50 IST

By HT News Desk, New Delhi

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Though Permanent Account Number (PAN) is an important document, one cannot, as per the rules under the Income Tax Act, have more than 1 PANs. Those who possess two or more PAN cards face a penalty of ₹10,000 and may also be sent to jail.

You can hold only 1 PAN card (Representative Image)

Also Read: I-T crackdown against people holding multiple PANs after March 31

Therefore, if you have two PAN cards, you should immediately surrender one of the cards to the Income Tax Department. If you do this voluntarily, you will not be prosecuted. This can be done both online and offline.

Steps to surrender your second PAN card

(1.) Go to IT department's website incometaxindia.gov.in.

(2.) Now, click on ‘Request for new PAN card/change’ or ‘Correction PAN data.’

(3.) Download the form, fill it up, and submit it at any National Securities Depository Limited (NSDL) office.

Why some people have multiple PAN cards?

Multiple applications: If a person applied for PAN but didn't receive it, he/she may apply again, resulting in dual applications. This, in turn, may lead to multiple PANs being allotted. Therefore, one should wait for a few weeks after applying for the card.

Change in details: An individual who has changed his/her name may apply for PAN to include updated details, leading to a fresh card being allotted. In case of name change, the existing PAN should be cancelled first.

Malicious intent: In recent times, there have been several instances of people applying for a duplicate PAN with an intention to commit an act of fraud.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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