What Happens If You Have 2 PAN Cards with Different Numbers?

Understanding the Legal Implications of 2 PAN Cards with Different Numbers

What happens if you have 2 PAN Cards with Different Number: All Indian citizens must possess a Permanent Account Number or Permanent Account Number (PAN) card. This number is used as identity proof and proof of residence. To file the income tax return in India, you need to have your PAN card. For individuals and companies, the identity proof is ‘PAN’ (permanent account number). The Income Tax Department uses the PAN number to search and verify the taxpayer’s status and identity.

What happens if I have 2 PAN Cards?

The PAN card ‘number’ is a 10-digit unique number. It serves as identity proof and is mandatory for filing income tax returns with the Income Tax Department. But every person should possess only one PAN number and it’s illegal for a person or company to have more than one PAN Number. If you have 2 PAN Cards with Different Numbers made mistakenly then you have to surrender one. Otherwise, the Income Tax Department can take legal action or put a financial penalty if caught.

What is the penalty for 2 PAN Cards with Different Numbers?

The government has made it mandatory for all individuals to have a PAN not 2 PAN Cards with Different Numbers same Name and Aadhaar. Under the Income Tax Act, anyone who owns more than one PAN is fined Rs10,000. This fine is meant to be a deterrent against holding multiple PANs. There are strict regulations regarding owning multiple PANs with the government imposing a fine of Rs 10,000 on anyone who owns duplicate PANs. This fine is imposed under Section 272B of the Income Tax Act and is meant to be a deterrent against holding multiple PANs.

How can I check multiple PAN Numbers?

Check that there 2 PAN Cards with Different Numbers in your Name. It is very important to check everyone to ensure that. It is a very easy process to check that.

Step 1: Log in to the e-filing portal using your user ID and password.
Step 2: Click Verify Bulk PAN / TAN > Verify Bulk PAN / TAN.

2 PAN Cards with Different Number Check Processes

Step 1: Visit the E-filing Portal

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Step 2: Click on ‘Verify Your PAN ‘ from the left Side Section.

Step 3: Enter the PAN, Full Name (As per PAN), Date of Birth, and Choose the ‘Status’ as applicable.

Step 4: Enter the Captcha as in the image and click on ‘Submit’ to verify your PAN details.

How to Cancel Oen if you have 2 PAN Cards with Different Numbers?

Your PAN card can be surrendered online by the NSDL or UTIITSL website and by filling out the PAN Correction Form. The PAN card can be surrendered online by visiting the PAN website or filling out PAN Correction Form. You will be able to find the form easily. Mention PAN 1 box, and proceed with filling the form online.

Disadvantages of 2 PAN Cards with Different Numbers

Follow the Steps for Surrender Multiple PAN Cards

Step 1: Visit the official NSDL or UTIITSL web portal.

Step 2: Select Application Type. From the drop-down menu, click on the Changes or Correction in existing PAN Data/ Reprint of PAN Card (No changes in existing PAN Data) option.

Step 3: For Category, select the option of INDIVIDUAL for self or Company, Firm or Partnership and proceed with filling the Form online.

Step 4: In Form 49A, enter the PAN that has to be canceled in Item No 11 of the Form.

Step 5: Submit the completed Form and print out the acknowledgment. The user is required to send the same along with the necessary documents to the NSDL or UTIITSL Office Address mentioned on the Form.

Step 6: Once the request has been processed, the user will receive a notification indicating the same.

Conclusion

Possessing two PAN cards with different numbers can have significant consequences and legal ramifications. In India, having multiple PAN cards is considered a violation of the law and can lead to serious repercussions. The Income Tax Department relies on the PAN number as a unique identifier for taxpayers, and having multiple PAN cards can result in confusion, inaccuracies, and potential misuse of these cards for fraudulent activities.

If you find yourself in possession of two PAN cards with different numbers, it is crucial to rectify the situation promptly. Failure to do so can lead to penalties, fines, and even legal actions. It is important to inform the relevant authorities, such as the Income Tax Department, about the existence of multiple PAN cards and initiate the process to rectify the issue.

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