when my daughter got married she had a pan card.
My son in law applied for another followed by his name.
I then send him my income
to be clubbed there
He did it.
Now It dept says old card would be flagged off dose it amounts to double card
and invites penalties
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Is it double pan card
Replies (3)
Quick Summary
Yes.Holding more than one PAN card is an offence under Income Tax Act and liable to 10000/- penalty.
She may Apply for deactivation of duplicate PAN Card
She may Apply for deactivation of duplicate PAN Card
Yes... I agreed to Mr Eswar.,
Penalty imposed if Assessee have more than one PAN.
Penalty imposed if Assessee have more than one PAN.
Is it duplicate card ? I don't think so. His son in law applied and got new regular PAN card.
Since both PAN cards belong to one individual, let new PAN card be surrendered to AO (give details in surrender request letter )
The AO then will carry out verification of records m mmand proceed to cancel PAN card.
Holding two PAN cards will invite penalty of Rs 10000/- .
The correct procedure is to apply for changes in old pan card and not a new PAN card.
Since both PAN cards belong to one individual, let new PAN card be surrendered to AO (give details in surrender request letter )
The AO then will carry out verification of records m mmand proceed to cancel PAN card.
Holding two PAN cards will invite penalty of Rs 10000/- .
The correct procedure is to apply for changes in old pan card and not a new PAN card.
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