A person cannot hold more than one PAN. A person can allocate only one PAN and not apply for another one. According to Income Tax India, there is a penalty of Rs. 10,000/- to be charged beneath Section 272B of the Income-tax Act, 1961, for owning more than one PAN. If a person has allotted more than one PAN, he should immediately surrender the additional one.
What is PAN CARD?
A PAN (Permanent Account Number) is a 10-character alphanumeric recognizer which issues in a laminated "PAN card" form by the Indian Income Tax Department to any "individual" either who fills out an application for it or to whom the department allocates the number without filling out an application. It can also obtain in Pdf form, which is called E-PAN.
What is E-PAN?
E-PAN is the PAN provided in PDF rather than a physical PAN card format. The E-PAN Card will be sent as a pdf to the applicant via e-mail. In such cases, the PAN applicant's e-mail ID is mandatory to deliver the E-PAN Card via e-mail. However, physical PAN cards will not be sent in such cases.
Charges of PAN vs. E-PAN
Charges for an E-PAN card are distinct from a physical PAN card. The Charges for a Physical PAN card vary for Indian citizens or an NRI, i.e., Rs. 93 for Indians and Rs. 864 for NRIs.
What is PAN Verification?
According to Income Tax India, this process helps the officers or the officials to verify whether the Tax Payer PAN is valid as per the Income Tax Department database.
The process to Apply for a PAN Card Online?
- Log in to the NSDL official website.
- Select the "Apply Online" option to apply for a PAN card
Online. - Then, an Indian citizen can download Form 49A, and a foreign citizen can download Form 49AA from the website.
- Fill out the form carefully and upload all the essential documents.
- Then, print a copy of the 15-digit declaration number and sign it.
- Attach a passport-sized photograph and Proof of Identity/ Proof of Authorization.
- Now, carefully send all the above documents to the NSDL office and the Demand Draft.
Documents that are required for a PAN Card online For Proof of Address:
- Aadhar card.
- Driving License.
- Passport.
- Voter ID card.
- Post Office passbook.
- Property Tax Assessment Order.
- Letter of allocation issued by the state or central government.
- Utility bills.
For Proof of Identity:
- Voter ID card.
- Passport.
- Driving License.
- Aadhar card.
- Ration card.
- Photo ID card.
- Bank certificate.
- Pensioner Card or Central Government Health Scheme Card.
- Identity certification (signed by a member of parliament).
- PAN card applies. It can be received both PAN card online and PAN cards offline. It is, however, necessary to submit the correct documents and a documented e-mail address and phone number. Any scarcity of official papers and the submission of the required information may hold back your ability to acquire a PAN card.
What is the validity of a PAN Card?
PAN card is valid for a lifetime. As in such cases, if you want to draw any modifications to the PAN card application, you must raise a request for the following website.
What is the penalty for not complying with the requirements for PAN?
A penalty of Rs. 10,000 under section 272B can be a deposit for failing to comply with section 139A for duplicating an invalid PAN by the taxpayer in complying with the requirements for PAN Card application, i.e., not obtaining PAN.
After the PAN Card Apply, how can I check the status of my application?
After applying for a PAN Card online, you can inspect the status of your application by using the track status facility available at the Income Tax Department website or the following website where you filled out the application.
What name will the married female applicant use on the PAN card?
While penning down the full name, the applicant should give the father's name; hence, the married female should write down the father's name and not the husband's name.
Points to remember:
While providing the full name, the applicant should give the father's name; hence, the married female should write down the father's name and not the husband's name.
- Always keep a copy of the acknowledgement letter received by the Income Tax Department.
- Scan this copy and email it to yourself so that it can be easily retrieved at any time in the future.
- No need to re-contact Income Tax Department for any intimation by them.
Conclusion:
In Conclusion, as we know, a permanent account number is an identity card that must be with every Indian citizen. Its benefits include filing IT returns, opening a bank account, investments, etc. However, every person should have only one PAN card in their name. Having multiple or duplicate PAN cards is an offence and might result in the person receiving legal notice from the government and will be punished with a penalty of Rs. 10 000. If you want to register for a PAN card, then contact Lawgical India. Our team of experts will help you get your PAN card smoothly.
