TWO PAN CARD

This discussion addresses a situation where an individual surrendered a new PAN card (PAN 2) after realising they held two PANs. Despite surrendering the new one, they received an intimation regarding the old PAN (PAN 1) and a penalty of Rs 10,000 has been levied. The advice suggests applying to the Income Tax Department, explaining it was a genuine error and that the duplicate PAN was surrendered voluntarily without being used for financial transactions, to seek a waiver of the penalty.