Do not hold multiple PAN as it may cost you.
A fine amounting Rs. 10,000 may be imposed u/s 272B of the Income Tax Act for possessing multiple PANs or providing incorrect PAN information, if determined by the Assessing Officer.
Mitali (Finance Professional) (14996 Points)
12 November 2024Do not hold multiple PAN as it may cost you.
A fine amounting Rs. 10,000 may be imposed u/s 272B of the Income Tax Act for possessing multiple PANs or providing incorrect PAN information, if determined by the Assessing Officer.