The status of the assessee cannot be changed by way of rectification of the PAN Card. PAN rectification is limited to other details, like name, address, date of birth etc... but status CANNOT be changed. The old PAN should be surrendered, and fresh PAN card should be applied for. Later on, formalities like getting any TDS credit in the old PAN transferred to the new PAN can be carried out. If the deductor is not accomodative enough to refile his TDS returns, incorporating the fresh PAN number, then the only recourse would be to go to the appropriate TDS cell and trying to request them to give the credit to the new PAN number.