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PAN CANCELLATION

Pankaj (Manager) (295 Points)

23 December 2009

Hi,

I have one PAN. I have to cancel it.

Then can anyone explain me, what is process of cancellation ?

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14 Replies

Pankaj (Manager) (295 Points)
Replied 23 December 2009

Can anyone help me ?

Thanks

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Dintakurthi Tirumala (CA FINAL) (15994 Points)
Replied 24 December 2009

Simple you gave a mail to NSDL by giving your PAN NO which u want to surrender the messeges should be related to surrender of PAN

OM SAI SRI SAI JAI JAI SAI

Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 24 December 2009

if u have only one PAN then why u want to cancel?

y may pls note that eventhough u have the PAN it do not mean that u always need to file the return of income. Return of income is to be filed only if specified crieteria of 139(1) are fulfilled.

sunil

Shashi Bhushan (Learner, Jalandhar) (996 Points)
Replied 24 December 2009

If You want to change any information of PAN then you can fill correction form of PAN. no need of cancellation.

Nitesh Chordia (Business) (231 Points)
Replied 24 December 2009

u cannot surrender the pan card u can only apply for any correction through pan correction form

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Puja Modi (CS Qualified & CA Final Student) (48 Points)
Replied 24 December 2009

You can modify the changes online in the NSDL website.. it will be done within a very short span of time..

manish (Article Assitant) (358 Points)
Replied 24 December 2009

if u have only one PAN then why u want to cancel?

why may plz note that eventhough u have the PAN it do not mean that u always need to file the return of income. Return of income is to be filed only if specified crieteria of 139(1) are fulfilled.

in my opinion u cannot surrender your pan card if you have only one pan card

manish

Pankaj (Manager) (295 Points)
Replied 24 December 2009

I have to close my partnership firm.

so how can I surrender pan?

Please explain me

Thanks

CA Bhuvnesh Kumar (Chartered Accountant) (69 Points)
Replied 24 December 2009

You have to fill a form of PAN Correction and just mention the PAN no. you want to cancel in the column specified for PAN Cancellation.

1 Like

Pankaj (Manager) (295 Points)
Replied 24 December 2009

Dear,

I think if anyone have more than one PAN , then you can cancel it by NSDL.

I have only one PAN. It is Partnership Firm.

I have to close this firm.

So please suggest me.

Thank

Pankaj

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Vivek Garga (Proprietor) (37 Points)
Replied 24 December 2009

First of all there is no need to cancell the pan card, as it is the life time identity of any person. Secondly, if you think that having a pan card with you made you mandatory to file the return of income then please note if you have income which is under the taxable limit (i.e. for this assessment year below Rs. 1.5 lacs) then that there is no need to file the return of income. And after this if you again think to cancell the pan card then file a written application to your Assessing Officer to cancell the same.

with regards

Vivek/Aman Advocates

CA Amit Kumar Khaitan (Research Analyst) (360 Points)
Replied 27 May 2010

hey brother... you need to intimate your AO about dissolution of the firm.... that would itself mean that the AO will make a last assessment of the firm till the date of dissolution... and i think that would also take care of the pan...

And when the firm ceases to exist, the PAN will also not be alive anymore...