As in step with the guidelines, no one is allowed to maintain a couple of PAN variety. also, no two people or entities can maintain the equal PAN number as per the profits tax rules.  Pan Card Apply Online
PAN or everlasting Account number serves as a completely unique quantity for an income tax-payer. Now, even as it's miles obligatory to have a PAN card, you can be in problem for containing extra than . As in keeping with the rules, nobody is authorized to hold more than one PAN variety. additionally, no individuals or entities can maintain the identical PAN wide variety as in line with the earnings tax guidelines.

What when you have PAN cards?

If, for any motive, you've got acquired PAN playing cards, then you definately should give up the extra card immediately. on occasion, on making use of for a PAN online, it receives behind schedule and does no longer reach the tax-payer bodily. The individual re-applies and ends up receiving PAN playing cards with different numbers.
This qualifies as an offense. all and sundry who has PAN cards, will grow to be paying a penalty of Rs 10,000 beneath phase 272B of the profits Tax Act. If someone has been allocated a couple of PAN then he need to straight away give up the additional PAN cards.
also, PAN card holders need to understand that they can’t use one of a kind PAN details for distinctive enterprise purposes. as an example, if one is using unique PANs for the Demat account and every other for earnings-tax return or price of taxes, then the only used for earnings-tax purpose need to be retained and the other quantity ought to immediately be surrendered.
with the intention to surrender your additional PAN, you could both go browsing or submit the shape offline. there's a not unusual shape for surrendering or for making any adjustments within the PAN. you may download the shape from the hyperlink that asserts “Request for new PAN Card Or/ And adjustments Or Correction in PAN records” on the reputable NSDL website and submit at any of the NSDL places of work.
PAN card, Aadhaar card linking closing date extended to March 31 next yr
The income tax department has once again prolonged the deadline for linking of PAN card and Aadhaar card
Even in case you are making use of for a brand new PAN card, quoting of your Aadhaar range is obligatory
The earnings tax department has over again extended the closing date for linking of permanent Account number (PAN) card and Aadhaar card. Now, you have time until March 31, 2020 to link your Aadhaar card along with your PAN card. within the wake of the coronavirus outbreak, the vital government has determined to increase various deadlines.
After 2018 2018 excellent court docket verdict on constitutional validity of Aadhaar, it's miles obligatory to link 12-digit identification number with PAN card for submitting of earnings tax returns (ITR). Even if you are making use of for a brand new PAN card, quoting your Aadhaar wide variety is compulsory. for brand spanking new applicants of PAN card, the interlinking is performed automatically at some point of the software stage.
For existing PAN card holders, it's far obligatory to hyperlink it with Aadhaar inside the final date. To hyperlink your PAN with Aadhaar, you could visit the profits tax branch's e-filing portal and click on on the link Aadhaar section on the left. You want to fill PAN variety, Aadhaar quantity and call. The I-T department will validate your call, date of delivery and gender in opposition to Aadhaar details after which the linking will be finished.once the deadline to hyperlink PAN and Aadhaar is over, the profits tax branch will begin treating all unlinked PAN cards as "inoperative" ones. which means that your PAN card will no longer be handled as being in use and you will additionally no longer be capable of document income tax returns (ITR).
in case you are not sure whether your PAN is connected to Aadhaar, you can test the fame within the income-tax department's e-submitting portal.
You get instant PAN Card if you have an Aadhaar card
when you have an Aadhaar card, getting a PAN card from the profits tax department is now less complicated than before. you may get a from the income tax department's e-submitting portal. click at the 'instant PAN thru Aadhaar' link on the portal, then select 'Get New PAN'. you may be requested to share your Aadhaar variety after that you get an OTP (one time password) in your registered mobile variety. after you enter the OTP, all of your Aadhaar information can be established from the UIDAI database and PAN card might be issued. Pan Card Apply Online