Accountant
51 Points
Joined January 2012
Dear Mr. Mohadikar,
As per my knowledge, PAN card of an individual/HUF cannot be surrendered and need not to be surrendered since it works as one of the Identity proof and required to quote various transactions in our daily life. Such as banking, investment, sale and puchase of property etc.
If it is other than individual/HUF and of a business concern which has already been closed, in that case, it can be surrendered. I think, the above information w.r.t. your query can help you.