I had 2 pan cards. The first one my father applied in my name(as he was a govt. employee) and was using for his side business(from 2000 to 2010 and then he retired and started using his own pan card) and the other one which I use for my Tax purpose(from 2004 till date).
I surrendered my first Pan card in 2014. In all, the total income filed in the first Pan card would be around around 7lakhs.
Since keeping 2 Pan card is an offence and since Ideally I should have clubbed income being filed under 2 Pan cards as one, will this amount to undisclosed income? Should I declare this as my undeclared income(IDS 2016)?
Also in 2005, when I changed from one company to another, I have not disclosed income(around 2.5lakhs) from the 2nd company(TDS was cut). Should I declare this as my undeclared income(IDS 2016)?
CAclubindia
