Penalty
This query is : Resolved
Anurag Kedia
(Querist)
02 July 2015
if a person is having 2 pan card and what are the penalties for that person and under which section of it act??
03 July 2015
A person cannot hold more than one PAN. A penalty of Rs. 10,000/- is liable to be imposed under section 272B of the Income-tax Act, 1961 for having more than one PAN.
If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s).
If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s).
03 July 2015
https://www.incometaxindia.gov.in/tutorials/1.permanent%20account%20number%20(pan).pdf
You may also check out above link in this regard.
You may also check out above link in this regard.
Anurag Kedia
(Querist)
04 July 2015
THANKS FOR YOUR KIND REPLY
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