In India, every person is given only one PAN card, through which his transaction is monitored, but people manipulate their information to get two or more PAN cards made, which is not legally correct. If you do so, you may also have to pay a fine.
PAN card is a very important document for financial transactions in India. From opening an account in the bank to taking a loan, PAN card is very useful in everything. In India, every person is given only one PAN card, through which his transaction is monitored, but people manipulate their information to get two or more PAN cards made, which is not legally correct. If you do so, you may also have to pay a fine.
Penalty on Multiple PAN Card
If you have two PAN cards and they come in the eyes of the government, then you may have to pay a fine. Under Section 272B of the Income Tax Act 1961, you can be fined up to Rs 10,000 for having and using more than one PAN card. If you want to avoid the fine, then you surrender yourself before using it.
How to Surrender PAN Card? (How to surrender PAN Card online?)
If you have multiple PAN card then you should surrender it yourself (PAN Card Surrender hindi). You do not need to go anywhere to surrender your PAN card. You can surrender it online sitting at home. The procedure to surrender PAN card is given below.
First of all go to the official website of NSDL https://www.onlineservices.nsdl.com/paam/endUserRegisterContact.html .
- इसमे Application Type में Changes of Correction in Existing PAN Data/Reprint of PAN Card (No Changes in existing PAN Data) को चुनें.
- A form will open in which you will have to give your personal details like name, mobile number, address etc. and the details of the PAN card you want to surrender.
- After submitting the form, a token number will be generated which will be sent to your mobile number through a message.
After this you have to click on Continue with PAN Application Form.
Now on the new page, you have to select the Submit Scanned Image through e Sign option. Here you fill the details of your PAN card and then fill your personal details.
After this, you have to give the details of the PAN card that you want to surrender.
Submit your form by filling all the information.
You will get this information through email and message and your PAN card will be surrendered in a few days. In this way, you can surrender your PAN card sitting at home and also avoid paying the fine.
You must be wondering how your two PAN cards are made. So many times it happens that you apply for a new PAN card and it does not come for a few days and you apply for another PAN card. In such a situation, both the applications reach NSDL and NSDL makes two PAN cards. On the other hand, many people manipulate their information and get two PAN cards made for loans etc.
