Is it illegal if a person has two or more PAN Cards?

Tilak Marg Forum for Legal Questions Forums Taxation Laws Is it illegal if a person has two or more PAN Cards?

Tagged: 

This topic contains 1 reply, has 2 voices, and was last updated by Dr. Ashok Dhamija Dr. Ashok Dhamija 1 year, 1 month ago.

  • Author
    Posts
  • #2483

    Anonymous
    Guest

    Is it legally not allowed to a person to have two or more PAN cards issued by the Income Tax department? If by mistake multiple PAN cards have been issued to a single person, is it punishable and what should such person do?

  • #2484

    Section 139-A(7) of the Income Tax Act, 1961, lays down that: “No person who has already been allotted a Permanent Account Number under the new series shall apply, obtain or possess another Permanent Account Number.”

    So, it is not permissible for a person to have two or more PAN (Permanent Account Number) Cards.

    For violation of the above provision, a penalty of Rs. 10,000 may be imposed under the provisions of Section 272-B of the Income Tax Act by the assessing officer, by giving the person concerned (who has multiple PAN cards) an opportunity of being heard.

    If a person has got two PAN cards by mistake, he should surrender one PAN card immediately to the Income Tax authorities in accordance with the procedure in this regard.

         


    Dr. Ashok Dhamija is a New Delhi based Supreme Court Advocate and author of law books. Read more about him by clicking here. List of his Forum Replies. List of his other articles. List of his Quora Answers.

You must be logged in to reply to this topic.

You may also like to read these topics:

LIC benefit for income tax and pension to dependent parents
Adding LTCG and STCG to income - Long Term and Short Term capital gains
Income Tax relief on arrears of salary of 5 years all paid this year
Is it mandatory to issue Form-16 even for Nil income tax deduction?

Facebook Comments