PAN card has turned into a vital archive today. Without this, no monetary exchange should be possible. It is required for each monetary exchange and opening an account in the bank.
From bank to office, you can’t accomplish any monetary work without it. It has now been made compulsory to connect PAN card with Aadhaar and all over. Simultaneously, let us let you know that for a misstep connected with PAN card, you can be fined 10 thousand rupees.
These issues will occur assuming you have two PAN cards
If you are entering PAN number anyplace, fill the ten digit PAN number given on the PAN card cautiously. In this, any spelling error or number moving can get you a weighty punishment. Simultaneously, regardless of whether you have two PAN cards, you might need to pay a weighty fine. Your bank account may likewise get frozen. In this manner,if you likewise have two PAN cards, promptly give up your subsequent PAN card to the division.
There is additionally an arrangement for this in segment 272B of the Income Tax Act 1961.
In this manner you can give up the subsequent PAN card
The method involved with giving up PAN is simple. There are normal form for this. You can download it from Income Tax site. For this, you can download the structure by tapping on the connection ‘Request For New PAN Card Or/And Changes Or Correction in PAN Data’ on the site. After this, fill the form and submit it to any NSDL office.
While giving up the subsequent PAN card, present something very similar alongside the form. You can do this online too. Allow us to let you know that two different PAN cards coming for the sake of a similar individual at a similar location fall in this classification. If you likewise have two PAN cards, one must be given up.
