DO YOU HAVE MULTIPLE PAN CARDS? HERE IS A STEP-BY-STEP GUIDE TO SURRENDER DUPLICATE PAN AND AVOID PENALTY

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.

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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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Offline Surrender Method

Submission Process

Step 1. Submit Correction Form

Fill out the PAN correction form and submit it at the nearest NSDL collection center.

Step 2. File Letter to Assessing Officer

Send a letter to the jurisdictional Assessing Officer listing duplicate PAN details and requesting cancellation.

Step 3. Provide Affidavit if Required

The Assessing Officer may require an affidavit confirming ownership of only one PAN.

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Key Considerations

1. Timely Submission

Ensure that the acknowledgement reaches NSDL within 15 days of submitting the online form.

2. Accuracy in Form Filling

Fill out the form carefully, marking checkboxes accurately to avoid complications.

3. Expectations During Investigation

Be prepared for scrutiny by Income Tax officials regarding surrendered PAN details and income disclosures.

4. Patience in Processing

Additional PAN cancellations may take time as officials verify the request thoroughly.

5. Follow-up if Necessary

Visit the Assessing Officer if further clarification is required to expedite the cancellation process.

2024-04-17T06:27:08Z dg43tfdfdgfd