PAN Card Latest News: PAN card has become a very important document today. Without this, no financial transaction can be done. It is needed for every financial transaction and opening an account in the bank.
From bank to office, you cannot do any financial work without it. It has now been made mandatory to link PAN card with Aadhaar and everywhere. At the same time, let us tell you that for a mistake related to PAN card, you can be fined 10 thousand rupees.
These problems will happen if you have two PAN cards
If you are entering PAN number anywhere, then fill the ten digit PAN number given on the PAN card very carefully. In this, any spelling mistake or number shifting can get you a heavy penalty. At the same time, even if you have two PAN cards, you may have to pay a heavy fine. Your bank account may also get frozen. Therefore, if you also have two PAN cards, then 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.
In this way you can surrender the second PAN card
The process of surrendering PAN is easy. There are common forms for this. You can download it from Income Tax website. For this, you can download the form by clicking on the link ‘Request For New PAN Card Or/ And Changes Or Correction in PAN Data’ on the website. After this, fill the form and submit it to any NSDL office.
While surrendering the second PAN card, submit the same along with the form. You can do this online also. Let us tell you that two different PAN cards coming in the name of the same person at the same address fall in this category. If you also have two PAN cards, then one has to be surrendered.
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