If you have two PAN cards, you will have to surrender one of them. If you do not do this then you may have to pay a heavy fine. Your bank account may be frozen. Apart from this, you may also have to pay a fine of Rs 10,000. Therefore, if you have two PAN cards, immediately surrender your second PAN card to the department. There is also a provision for this in section 272B of the Income Tax Act, 1961.
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How to surrender second PAN card:
- The process to surrender PAN card is easy. For this there is a common form which you have to fill.
- For this, you go to the Income Tax website.
- Now click on the Request for New PAN Card or/and Changes or Correction in PAN Data link.
- Download the form now.
- Now after filling the form, go to any NSDL office and submit it.
- You will need to submit a second PAN card while submitting the form.
If you do not do this then you may have to pay a fine. If you want to avoid this, then do this work immediately.
Summarize this content to 100 words Surrender Duplicate PAN Card: There is no need to tell how important PAN cards are in today’s time. Without it no financial transaction can take place. It is used in every financial transaction or in opening a bank account. However, there is one mistake that if you commit, you may have to pay a heavy fine. Yes, if you have two PAN cards then you can get into trouble.If you have two PAN cards, you will have to surrender one of them. If you do not do this then you may have to pay a heavy fine. Your bank account may be frozen. Apart from this, you may also have to pay a fine of Rs 10,000. Therefore, if you have two PAN cards, immediately surrender your second PAN card to the department. There is also a provision for this in section 272B of the Income Tax Act, 1961.Aadhaar card is lost then do E-Aadhaar Download like thisHow to surrender second PAN card:The process to surrender PAN card is easy. For this there is a common form which you have to fill.For this, you go to the Income Tax website.Now click on the Request for New PAN Card or/and Changes or Correction in PAN Data link.Download the form now.Now after filling the form, go to any NSDL office and submit it.You will need to submit a second PAN card while submitting the form.If you do not do this then you may have to pay a fine. If you want to avoid this, then do this work immediately.
