If you are reading this article, then I assume you have two PAN cards. Let me tell you that you need to get rid of it as soon as possible or you will have to face consequences. So, read this article to learn about the consequences of not doing it as well as the right way to fix this two card problem.
Consequences of Two PAN Cards
According to the provision of section 272B of the Income Tax Act 1961, having two PAN cards can result in freezing of your bank accounts and a hefty fine of 10 thousand rupees.
However, you are given a chance to return your extra PAN Card in case you have double of them. Read the instructions given below and to get rid of your extra PAN card without having to face the above mentioned consequences.
How to Return the Extra PAN Card?
The process of surrendering your extra PAN Card is easy and you can do it by simply following what have been advised below:
- Visit the official website of Income Tax of India.
- Download the form from the ‘Request For New PAN Card and Changes Or Correction in PAN Data’ link.
- Fill this form using the correct information.
- Submit this form at the nearest NSDL office along with your Extra PAN Card.
So, if you have 2 PAN Cards in your wallet, get rid of one of the extra ones as soon as possible or you will have to face certain consequences as explained in this article.
In addition to that, this article also contains the steps to get rid of the extra one so make sure to read them carefully.
Share this article with people who have 2 PAN Cards so that they can get rid of their extra one.