TWo pan no of one company

This query is : Resolved

sachin (Querist)
Follow

03 July 2009 Our client had two pan card no. Till A. Y 2007-08 they have used old pan no and last year they lost both pan nos then they apply for new pan no but they have alloted 2nd pan no as new pan. While filing a annual return or payment of TDS they are using 2nd PAn no. Is this wrong ?

taxindiaconnect

taxindiaconnect (Expert)
Follow

03 July 2009 The term PAN stands for Permanent Account Card. Thus an assessee should have only one PAN. As per law, if an assessee has been allotted two PAN by mistake it has to surrender one. There was a public announcement for such surrender. having more then one PAN attracts penalty of Rs 10000. Please go the income tax department and surrender the second PAN now, apply for allotment of 1st PAN which was being used till 2007-08. Also file the information with the tax authorities to get the favorable treatment for getting the credit of taxes paid and TDS deducted.

CA Kartik Pandya

CA Kartik Pandya (Expert)
Follow

03 July 2009 very good answered by Rajesbhai(Kabil-e- tarif), PAN no. itself says that it can not be more than one.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA.Gopal Rathi

S J MITRA

CA Sunny Sharma

Moby Mogli

Vimlesh kumar

Subscribe Now

TWo pan no of one company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

CA Final

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY