Poonawalla fincorps
Poonawalla fincorps

Can someone have 2 pan cards ??

This query is : Resolved 
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(Querist)
16 December 2011 Dear All,

Can someone have 2 or more PAN cards ??
Is it legal and if not what are the penal clauses related to this.

Please reply me.


Regards

Santos
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
16 December 2011 Obtaining or possessing more than one PAN is against the law, for which penalty of Rs.10,000/- may be imposed.
[Section 139A(7) read with Section 272B]
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
16 December 2011 No legally you can have more than one PAN.

Having more than one attracts penalty of Rs.10000/- u/s 272B.
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Guest

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Guest (Expert)
16 December 2011 Agree with experts!

Also you can surrender one PAN to IT department which you are not using.

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