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Single pan can it be cancelled ?

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Querist : Anonymous

Querist : Anonymous (Querist)

03 December 2018 My client had applied for PAN card through E-Pan basis in July 2018 and got it instantly. So in July 2018 he filed IT Returns for AY 18-19 with GTI of Rs. 1,80,000/- which is below taxable limit (Source: Salary and IFOS).

He is not happy with the PAN card number ( I mean digits in his pan no.-he is bit on superstitious side) . All other details are perfect except that he wants to change his pan number.

So, when he approached me and requested for changing his pan number- I said it can't be done but then told him i will clarify and get back....

So to confirm,

1. Is it possible to cancell a pan allotted by surrendering pan to local ITO...
2. Can he apply a second pan and once allotted can he cancel the first pan.... ?

What are the options available...

CA ANUBHAV

CA ANUBHAV (Expert)

03 December 2018 you can cancel PAN but you have to give reason for same.. Since you have filed income tax return for AY 2018-19 it will not be good for you to give application for surrender..

Taking another PAN from same officer on same address with same name will be nothing but just will be mock of department..

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