Investor Education - How to surrender duplicate PAN Card





How to surrender duplicate PAN Card

“How to surrender duplicate PAN or How to cancel dual PAN Card” If you will search this on Google, you will get different answers. But I assure you anything you do is not going to work.

There is a specific process to get the PAN cancelled and there is very less information available online. I am going to share the step by step process here and I request you to go through it carefully. If you are also one of the people who are facing financial issues due to dual PAN, it is really going to help you a lot. The same process will be applicable for 2 or multiple PANs.

I am listing two different scenarios here:

1. Both PANs issued from same IT ward.
2. Both PANs issues from different IT ward or different cities.


Scenario 1: Both PANs issued from same IT ward.

If you fall in Scenario 1, things will be very easy for you. All you need is to check your AO (Ward) by visiting https://www1.incometaxindiaefiling.gov.in/e-FilingGS/Services/KnowYourJurisdictionLink.html?lang=eng

Check the office address and visit with below listed documents: 

*Written application to Income Tax Department asking them to cancel the duplicate PAN
*Copy of both PAN cards
*Copy of Aadhaar Card
*Indemnity Bond, requesting for the same. (Any documentation center will help you with Indemnity Bond. It may cost you anything between INR 250-500)

After submitting all these documents, it will take 10-15 days for your duplicate PAN to get cancelled.

Scenario 2: Both PANs issued from different IT ward or different cities

If you fall in Scenario 2, things are not easy and time taking for you. Dual PAN cannot be cancelled if issued from different wards. I am writing the correct process what you need to do in this scenario.

Submit a written application to Income Tax Department for specific ward, requesting them to transfer you duplicate PAN to ward belongs to main PAN.

You need to submit another application to main ward, asking them to accept the transfer. (You can take advise from your respective ward officer by visiting their office)

Once this transfer will be completed, you can follow the process mentioned for first scenario


Note: Make sure you are not filling ITR for both the PANs as it is financial fraud and IT department may fine you with huge amount.

Disclaimer: The views expressed in the blog are those of the authors and do not necessarily reflect the official policy or position of any other agency, organization, employer or company. The above mention process is may change as per Government Regulations. Actual process may differ case to case basis.


3 comments:

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