Business & Investment

The dilemma of having two PAN cards?There is a remedy to solve this

Submitting your PAN card to the Income Tax Office is similar to the procedure for correcting and handing over your PAN card.

Depending on the situation, if you own more than one taxpayer number (PAN), you will be caught up in the real dilemma, whether you get it intentionally or accidentally. You may be punished and in some cases criminal punishment.

But don’t panic. The solution to solve the aforementioned dilemma of having two PAN numbers is: But first, let’s recall the various provisions of the Income Tax Act of 1961.

Section 139A

Section 139A of the Income Tax Act of 1961 relates to eligibility criteria for applying for a PAN, such as when an individual needs to estimate a PAN. According to the section above, a person can only own one PAN. According to Article 7 of Section 139A above, “A person who has already been assigned a tax number in the new series must not apply for, obtain or own another tax number.”

Section 272B

According to this section, an income tax officer can impose a fine of Rs 10,000 on a party if the party owns more than one PAN. For a detailed investigation of this section,

# The penalties imposed are optional — it is up to the income tax officer to decide whether or not to impose a fine if a person is found to have two Permanent Account Cards. The criterion for decision-making is to know the true intentions of the person holding the two PAN cards.

# This section further states that defaulters (with two PANs) will be given the opportunity to hear their opinions. The reason is that he may have unintentionally committed a disability in a hurry, to avoid hassle, or for some other unavoidable cause.

For example, NRI comes to India and applies for PAN. In a hurry to respect his promises abroad, he travels abroad again, and when he revisits the Income Tax Department five years later, he reapplies to the PAN.

Another example is: A person was published a PAN 10 years ago. Now he has moved to his new address, but his PAN card shows his old address. In such cases, the address change process can be very complicated and to avoid the hassle, he can apply for a new PAN and must currently have two PANs. The personal intention here is not wrong, but he made a mistake to avoid the error.

However, there are cases where an individual has fraudulently applied for a second PAN. For example, an individual may have intentionally applied for a PAN and obtained a loan when he or she lost credibility. In such cases, he could be a criminal with a fine of 10,000 rupees.

If an individual has two PAN cards, how do I apply for a PAN card delivery?

As stated in the Income Tax Act of 1961, there is a stipulated procedure for submitting one of the two PAN cards to the Income Tax Office. However, in the age of information and communication technology, there are two ways to apply for card delivery. — Online and offline methods.

Online method

Submitting your PAN card to the Income Tax Office is similar to the procedure for correcting and handing over your PAN card.

Step 1: Go to the NSDL website b Click on the URL above

Step 2: Click the PAN correction option from the online application and enter your personal information. Submit the form.

Step 3: Submit the form and you will be redirected to a new page. You will also need to create a new token number and present it to the applicant before filling out the form. The token number above will also be sent to the email ID you entered in the first step.

Step 4: At the top of the page[e-Signを介してスキャンした画像を送信する]Click Options.
Under this option, specify the PAN number to keep (not the PAN number to abandon).
Enter your personal information on the left and click “Next”. Fields marked with * are required.

Note: Never select the corresponding checkbox in the left margin of the specified field.The reason is that this option is a “detailed fix”

Step 5: At the bottom of the next page, mention the additional PAN that was misassigned (enter the PAN number to abandon) and[次へ]Click.

After submission, a preview of the application will be displayed. Check the details in the preview form and edit the form.

Step 6: Payment

The charge is Rs 110 for communication addresses within India and Rs 1020 for payments outside India.

Payment method: Payment can be made by any of the following methods
# Demand Draft paid in Mumbai (supporting “NSDL-PAN”). Remember to enter the applicant’s name and confirmation number on the back of the transfer check.
# Credit or debit card
# Net bank

Step 7: Acknowledgments

After payment, a downloadable acknowledgment will be displayed on the screen. Take the printed matter and send an acknowledgment to NSDLe-Gov.

Each applicant applying for surrender attaches two photos to the space provided on the approval form and cross-signs so that part of the signature is on the photo and part is on the approval form. need to do it.

Note: If the applicant is not an individual, the approval shall be signed by

  • Karuta in the case of HUF,
  • Partners / Partners for LLPs
  • In the case of a company, a director,
  • Trustee in the case of trust and
  • Approved signers of the remaining categories).

Step 8: Submit

Please attach the “PAN Cancellation Application Form” and the confirmation number to the envelope.

Step 9 (Last Step) The following items must be submitted to the address below

  • If the officially signed approval letter has a photo attached along with the remittance check,
  • Proof of existing PAN,
  • Proof of identity,
  • Proof of address,
  • Proof of date of birth

You need to send it to the following address:

National Securities Depository Limited (NSDL) e-Gov at’Income Tax PAN Services Unit, NSDL e-Governance Infrastructure Limited, 5th Floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk , Pune – 4110616.

Offline method

To hand over an additional PAN card offline, present the PAN Amendment Form at the NSDL’s nearest collection center and write to the assessor in the relevant jurisdiction as you list the details of the duplicate PAN and request cancellation. Must be submitted.

In some cases, the assessor may refer to the current PAN and request an affidavit stating that the individual does not own any PAN other than the one currently in use and the PAN card delivered.

Column 11 of this form asks you to mention the PAN you want to surrender. A Xerox copy of the aforementioned PAN must also be submitted with the application.

Precautions / Points

1. When making an online application, the officially signed approval and important documents must arrive at the NSDL office within 15 days of submitting the online form within the above time.

2. The PAN correction form is used as a multitasker. This means that you need to be careful when filling out the form as you will make corrections in the PAN, reissue the PAN without making any corrections, and abandon any additional PANs.

3. Income tax authorities may conduct an investigation. So get ready.

4. Simply filling out the online form does not mean that additional PANs will be cancelled. You may need to visit the relevant evaluator to convince him that an additional PAN was accidentally acquired.

5. You need to be prepared to face questions from income tax authorities. Similarly, you may need to persuade the assessor if necessary.

(By Amit Gupta, MD, SAG Infotech)

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The dilemma of having two PAN cards?There is a remedy to solve this The dilemma of having two PAN cards?There is a remedy to solve this

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