Multiple PAN Cards: If you have more than one PAN can lead to penalties and complications in income tax matters. The government’s initiatives to link PAN with Aadhaar and bank accounts make detection of multiple PANs easier for the Income Tax Department.
Legal Framework
Under Section 139A of the Income Tax Act, of 1961, an individual is allowed only one PAN. Violating this provision can attract penalties as per Section 272B.
Online Surrender Method
Step-by-Step Process
Step 1. Access the NSDL Online Portal
Visit the NSDL website and select the PAN correction option from the application type dropdown.
Step 2. Fill Personal Details
Input personal details and proceed to the next step.
Step 3. Submit Scanned Images
Upload scanned images and select the PAN number to retain.
Step 4. Declare Additional PANs
Mention inadvertently allotted PANs that you wish to surrender.
Step 5. Document Submission
Select proof of identity, residence, and date of birth, and upload required documents.
Step 6. Verify and Make Payment
Review the application form, make necessary edits, and proceed to payment.
Step 7. Payment Process
Pay the processing fee through demand draft, credit/debit card, or internet banking.
Step 8. Get Acknowledgement
Upon payment, download the acknowledgement, affix photographs, and send it to NSDL.
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