Pan
This query is : Resolved
06 August 2014
The person who already have his PAN.
Is he allowed to take another pan?....
07 August 2014
Obtaining/possessing more than one PAN is against the law and may attract a penalty upto Rs.10,000. Therefore it is advisable not to obtain/possess more than one PAN. If you have more than one PAN, you should surrender the unused PAN at the earliest.
For surrendering the PAN See below link--
https://incometax.sparshindia.com/pan/newPAN.asp
For surrendering the PAN See below link--
https://incometax.sparshindia.com/pan/newPAN.asp
Rupesh Jain
(Expert)
07 August 2014
under income tax act it may impose Rs. 10000/- penalty for duplicate PAN.
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