18 May 2018
One of the client is having 2 pan cards. She frequently filing returns in only one PAN card. She wish to surrender 2nd pan card now. She given her 2nd PAN No at the time of making FD in bank. Now yearly interest is credited and she filed form 15g there. My query whether she can surrender her Pan card now.
19 May 2018
Holding 2 PAN card is a crime under section 139A and punishable under section 292B of the Income tax Act,1961.So better surrender one to avoid continuation of the crime.
CAclubindia
