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TWO PAN CARD

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Nidhi Prajapati

Accountant

109 Points Posted on 30 October 2021

DEAR EXPERTS,

IF ANY ONE HAS DOUBLE PAN AND HE WAS SURRENDERED HIS NEW PAN 2 ,BUT INTIMATION RECEIVED REGARDING SURRENDERED PAN THAT HE HAVE ALSO A PAN 1 AND PENALTY OF RS 1OK IS LEVIED ON HIM SO HOW CAN DEAL WITH THIS SITUATION PLZ RPLY.

PAN 1 - OLD PAN

PAN 2 - NEW PAN WHICH WAS SURRENDER

Replies (2)

Quick Summary

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.

CA Aakarsh Jain

4330 Points Posted on 31 October 2021

You can wrote an application for the same to ITD

CA Raj Doshi

Practising CA

5649 Points Posted on 02 November 2021

Defend that it was a genuine error. Levying penalty could cause undue hardship to the assessee. assesee is honest and voluntary surrendered duplicate pan. assessee did not use for any Financials transaction.

This can be the probable defense.