I have two PAN cards. I had lost one card...but instead of getting duplicate card my daughter got me a new card.This happened more than 5 years ago. These cards have been submitted in two different banks where I am drawing self pension and family pension. From this year the pension income comes under tax bracket. Both pension income. Tax under two different PAN. what should I do?
You have to surrender one pan card. you can write a application in simple language to your jurisdictional income tax assessing authority regarding the surrender/cancel of one pan card no and also enclosed the original pan card with the application. moreover income tax office may direct or impose a penalty of Rs 10000/- for issuance of two pan card no. Futher more you need to change the documents with the district treasury officer who disbursed the family pension and for this financial year you have to club up the self pension along with family pension only in one pan no and the same will be taxable/assessed only in one pan card.