Do you have extra PAN? Steps to surrender additional PAN card to avoid penalty
To clarify the taxpayers doubt, the income tax department has released the FAQs on PAN 2.0 project. The FAQs are released by the PIB on November 26, 2024. One of the FAQs talk about taxpayers having more than one PAN, how they can identify and get it cancelled to avoid any penal consequences.
Income tax dept issues FAQs on PAN 2.0 project: Check details about applying for new PAN, change PAN number
For people holding more than one pan, how will you identify and weed out the extra PAN ?
According to the Press Information Bureau (PIB), FAQs on PAN 2.0 “As per the provisions of Income-tax Act, 1961, no person can hold more than one PAN. In case a person holds more than one PAN, he/she is obliged to bring it to notice of Jurisdictional Assessing officer and get the additional PAN deleted/de-activated. In the PAN 2.0, with the improved systems logic for identification of potential duplicate requests for PAN and centralized and enhanced mechanism for resolving the duplicates would minimize the instances of one person holding more than one PAN.”
Hence, if you come across any other PAN issued to you, then you should quickly get it cancelled by informing it to the income tax department.
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