24 March 2008
while filing an ITR of a company I came to know that it has more than 1 PAN number.Is it possible?How? If yes,than which is the valid number should be used while filing ITR etc. And what is the procedure to cancel the invalid PAN number. I know that I have to surrender one card and inform my IT Deptt. about surrender of one pan no.if i will have more than one PAN then it will cause penalty. But i have one pan with me one in it dept two different number how to track all the no frist
24 March 2008
Check the detail in the PAN Card and detail the Assessing officer and surrender One PAN Card to the Assessing officer or you can make the application to the NSDL or UTI Services for surrendering or correction in PAN DATA
25 March 2008
you have to surrender one card and please inform your IT Deptt. about surrender of one no.if you are having more than one PAN then it will cause penalty.
25 March 2008
Yes it is possible that company can take two PAN cards. So u need to surrender one to the IT department before filling of return and clearly state them that u r filling return with this PAN number and the other one is surrendered.
25 March 2008
THE CASE WHERE A COMPANY APPLIES FOR A NEW PAN IS WHEN THE NAME CHANGES. BUT ACTUALLY AT THE TIME OF NAME CHANGE THE OLD PAN REFERENCE IS TO BE GIVEN AND THEN THE IT DEPT. WILL MAKE NOTE OF CHANGE IN NAME AND CANCELS OLD PAN AND ISSUE A NEW PAN OR SIMPLY CHANGE NAME AND MOSTLY ALLOT SAME PAN NUMBER. THE BEST COURSE NOW OPEN IS SURRENDER THE OLD PAN CARD AND RETAIN AND QUOTE NEW PAN NUMBER IN ALL APPLICBLA PLACES. PL. NOTE TO TAKE ACKNOWLEDGEMENT FOR SURRENDER OF OLD PAN. R.V.RAO
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