A PAN is a unique 10-digit number allocated to every taxpayer. By law, each person can have only ONE PAN Card. So how do you end up more than one PAN Card? There may be any of the following reasons for this: Now, even if it is not reason #3, having more than one PAN card is illegal, and you could invite a penalty of up to Rs. 10,000. So you must hold only one PAN and … [Read more...] about How To Surrender Your (Additional) Pan Card? [Having More Than One PAN Is Illegal]
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