Mumbai : PAN card has become the second important document after Aadhar card. Therefore, PAN card is very important for any banking, loan or government work. If you do not have a PAN card then many of your activities are likely to be blocked. In such a situation, there is an important news for those who have taken a PAN card.
Today PAN card has become a mandatory document. Without it no financial transaction can take place. But do you know? One mistake related to PAN card can cause you huge financial loss. So check this news whether you are doing these mistakes or not.
…then a fine of 10 thousand
If you have two PAN cards then you may have to pay a heavy fine. It can also freeze your bank account. Apart from this, you may also have to pay a fine of Rs 10,000. So, if you have two PAN cards, you must immediately hand over your second PAN card to the PAN card department.
Meanwhile, section 272B of the Income Tax Act, 1961 also provides for the same. We tell you how you can surrender your second PAN card.
surrender
- The process of surrendering PAN card is simple. For this you have to fill a common form.
- You go to the Income Tax website.
- Now click on the link ‘Request for New PAN Card or/and Change or Correction in PAN Data’.
- Download the form now.
- Now after filling the form, go to any NSDL office and submit it.
- Submit it along with the form while surrendering the second PAN card.
- You can also do this process online.
Meanwhile, two different PAN cards in the name of the same person at the same address fall under this category. If you also have two PAN cards, then you will have to surrender one.
