Can someone have 2 pan cards ??

This query is : Resolved 

16 December 2011 Dear All,

Can someone have 2 or more PAN cards ??
Is it legal and if not what are the penal clauses related to this.

Please reply me.


Regards

Santos

16 December 2011 Obtaining or possessing more than one PAN is against the law, for which penalty of Rs.10,000/- may be imposed.
[Section 139A(7) read with Section 272B]

16 December 2011 No legally you can have more than one PAN.

Having more than one attracts penalty of Rs.10000/- u/s 272B.

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Guest

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Guest (Expert)
16 December 2011 Agree with experts!

Also you can surrender one PAN to IT department which you are not using.


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