Online Cancellation Process of Duplicate PAN Card

Online Cancellation Process of Duplicate PAN Card

PAN Card Cancellation : 

When an individual has more than a single PAN card, it may lead to that person being heavily penalized, or worse, could even be jailed. Since the Government of India has made it mandatory to link one’s Aadhaar with their PAN card, every individual and business entity with more than one PAN issued in their name have been compelled to cancel or surrender their addition PAN cards. This article talks about PAN Card Cancellation with respect to individuals and entities who have more than one Permanent Account Number (PAN).

Consequences of Additional PAN : 

When an individual is in possession of more than one PAN card, they may be penalized as per the law set by the Government of India. According to Section 139A of the Income Tax Act of 1961, an individual is only permitted to hold one single PAN card. This section of the Act talks about the eligibility for obtaining a PAN card

Therefore, an Income Tax Officer has the power to impose a penalty of INR 10,000 on any individual who has more than one PAN card as per Section 272B of the Income Tax Act. However, individuals have been given the opportunity to cancel/ surrender the additional PAN cards by merely visiting the NSDL online portal and complete the Form for PAN corrections.

Additionally, one may even surrender/ cancel their additional PAN card by submitting the PAN Correction Form at their nearest NSDL Collection Centre. Once the Form is duly completed, the same may be sent and paid for to the Assessing Officer of the respective jurisdiction.

Surrendering PAN of Deceased : 

once a PAN cardholder passes away, the relatives of the deceased individual are required to write a letter to the Income Tax Officer who presides over the respective jurisdiction. The letter must comprise of the reason for surrender (here, it is the death of the PAN cardholder)  and the death certificate of the deceased. Other vital information such as the Name, PAN Card Number, Date of Birth and so on are to be mentioned in the letter. The same process of surrendering PAN card is applicable in the case of the demise of Non-Indian Residents and Foreign Nationals as well.