PAN 2.0 Alert: Rs 10,000 Fine For Duplicate PAN Cards; Here's How To Check And Surrender

As per Section 272B of the Income Tax Act, 1961, owning multiple PAN numbers is prohibited for Indian citizens. Possessing a duplicate PAN can result in a penalty of Rs 10,000.  

The project includes system modernization, QR code integration, a unified portal, improved security, and eco-friendly operations. A robust grievance redressal system further simplifies the taxpayer experience.    

This e-Governance initiative transforms taxpayer registration by enhancing PAN/TAN services, modernizing the digital experience for users. 

Step 1: Visit the Income Tax e-Filing Portal at www.incometax.gov.in.

Step 2: Log in to your account or register if you are a new user.

Step 3: Navigate to the 'Verify Your PAN Details' section under PAN services.

Step 4: Enter your PAN, name, and date of birth to verify your details.

Step 5: If duplicate PANs exist, the system will notify you and provide steps to surrender one. 

Fraudsters misuse duplicate PANs for GST fraud and fake companies, often without the original holder's knowledge. It's crucial to check for duplicate PANs in your name and have them deactivated promptly.  

Step 1: Go to the NSDL website and complete the 'Changes or Correction in existing PAN data/Reprint of PAN card' form.

Step 2: Select the checkbox for surrendering additional PANs and enter their details.

Step 3: Upload the required documents, pay the fee, and submit the form.

Step 4: Save the acknowledgement slip after successful payment for future reference. 

It is important to note that users should link their valid PAN to their Aadhaar card and update it across financial records, such as bank accounts, investments, and tax filings, to ensure compliance and seamless transactions.