What's the procedure of surrendering of PAN?
SSG
(1936 Points)
Replied 05 July 2010
Respected members are again requested to solve my query, please.
CA Amit Kumar Shrivastava
(CHARTERED ACCOUNTANT)
(104 Points)
Replied 05 July 2010
Dear SSG
Holding more than one PAN is an offence and for this u can penalise by Rs.10000/-
So , plz surrender it as emmediate. Procedure is:- Go to site of IT Deptt."incometexindia.gov.in"
then click on PAN --> PAN Greivance-->
Owning or using more than one PAN is against law. You may furnish information on multiple PANs inadvertently allotted to you. -->Click on Furnish(Hifhlighted)--> fill the surrender form. thnx
SSG
(1936 Points)
Replied 06 July 2010
Dear Amit,
My client is a retired person. He don't have two PANs but he thoughts that he won't he having taxabl e income in future. Therefore he wants to surrender his PAN.
So what will be the procedure in this case.
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