PAN Card Rules: In today’s time, PAN card and Aadhar card are the most used documents. PAN card is used for every financial work. From starting any kind of business to opening a bank account, to buying a property, PAN card is used everywhere. But, do you know that due to a small mistake, you will have to pay a fine of up to Rs 10,000. may fall.
You must have seen many times that some people have two PAN cards. According to the Income Tax rules, it is illegal to make a second PAN card while having one PAN card. In case of having two PAN cards, you may have to pay a heavy fine to the Income Tax Department. Along with this, the linked bank account can also be frozen if the Aadhaar is not linked with the invalid PAN card. In such a situation, to avoid this problem, surrender a PAN card as soon as possible. In case of having two PAN cards, the Income Tax Department can take action like Section 272B of the Income Tax Act 1961. In such a situation, you may have to pay a penalty of Rs 10,000.
In this way two PAN cards are issued by mistake-
Let us tell you that many times the PAN card does not come for a long time after applying. In such a situation, people get another PAN card made without checking its status. In such a situation, many times the PAN card of two different numbers is issued at the same address. If you also have two PAN cards in this way, then surrender one as soon as possible.
Surrender PAN card like this
To surrender the second PAN card, you can download the surrender form by visiting the most income tax website. To download the form, click on Request For New PAN Card/ Changes Or Correction in PAN Data option. After this, fill the form from here. After this you submit this form to the NSDL office. Apart from this, you can also submit it online on the website of NSDL.
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