PAN Card New Rules: Need to Pay Rs 10,000 Penalty, if you do this mistake
Nowadays some essential financial transactions cannot be done without PAN card. Yes, generally all people above 18 years of age have PAN card and nowadays. Pan Card is also very necessary for some essential tasks including bank account.
Pan Card Rules And Regulations: Permanent account number (PAN) Card is one of the Identity document (ID) cards that are used by the people of the country. This PAN card is very essential for making necessary financial transactions and paying taxes. PAN Card New Rules: Pay Rs 10,000 Penalty if you do this mistake.
Nowadays some essential financial transactions cannot be done without PAN card. Yes, generally all people above 18 years of age have PAN card and nowadays. Pan Card is also very necessary for some essential tasks including bank account. There are many rules in force regarding PAN cards in the country and many people are not aware of these rules.
Rs 10,000 fine for these PAN card holders:
According to the rules of the Income Tax Department, those who have more than one PAN card will be fined 10,000.
Women change their PAN card surname after marriage.
Some people keep multiple PAN cards for fraud, which is illegal.
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How to Surrender PAN Card Online:
You have to fill the PAN Change Request Application Form. In section 11 you have to give the details of the second PAN. A copy of this should also be attached and then submitted by visiting the NSDL website.
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How to Surrender PAN Card Offline:
You have to fill Form 49A. Enter the details of the PAN Card to be surrendered in the form and submit this form to your nearest UTI or NSDL TIN Facilitation Center.
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