Ella Walter
In India, a Permanent Account Number (PAN) is a 10-digit alphanumeric number issued to taxpayers. It is illegal to hold more than one PAN card, and individuals with multiple PAN cards may face legal consequences and penalties. If an individual has more than one PAN card, they must surrender all but one. A PAN card can also be surrendered in the event of the cardholder's death, permanent relocation outside of India, or the closure of a firm, partnership, or company. The process of surrendering a PAN card can be done online or offline, and involves filling out a PAN correction form, providing proof of identity and address, and submitting the form to the relevant authorities.
| Characteristics | Values |
|---|---|
| Number of PAN cards allowed | 1 |
| Penalty for multiple PAN cards | Rs.10,000 |
| PAN card surrender methods | Online, Offline |
| Online PAN card surrender process | Visit NSDL website, select 'Changes or Correction in existing PAN data/ Reprint of PAN card', fill out form, upload documents, pay fee, submit |
| Offline PAN card surrender process | Visit nearest NSDL collection centre or PAN centre, fill out form, submit with required documents |
| Reasons for PAN card surrender | Holding multiple PAN cards, PAN cardholder's death, relocation outside India, company/firm/partnership dissolution, errors in PAN card details |
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What You'll Learn
Surrendering a PAN card due to permanent relocation outside India
A PAN (Permanent Account Number) card is a 10-digit alphanumeric number issued to taxpayers in India. This unique number is crucial for tax purposes and identifying individuals and entities. An individual is permitted to hold only one PAN card throughout their lifetime. If a person holds multiple PAN cards or in the event of certain changes such as death, relocation, or business dissolution, they must follow a procedure to surrender the extra or unnecessary PAN card.
If an individual is permanently relocating outside India and will no longer be liable for Indian taxes, their PAN card can be surrendered. This is because the PAN card will no longer serve as a valid form of identification, and the individual will not be required to file taxes or conduct financial transactions in India.
To surrender a PAN card due to permanent relocation outside India, the individual should submit a PAN surrender letter to the Income Tax Officer in their jurisdiction, stating the reason for surrendering the PAN card (leaving India and no longer being liable for tax). The letter should include the individual's name, nationality, PAN number, and permanent address. Once the PAN card is cancelled, the physical copy can be surrendered to the tax office.
Alternatively, the individual can surrender their PAN card online by visiting the National Securities Depository Limited Tax Information Network (TIN) portal and filling out form 49A. They will need to provide proof of identity, date of birth, residence, and a copy of the PAN card to be surrendered.
It is important to note that if an Indian citizen is working abroad on an employment visa, they do not need to surrender their PAN card during their time away from India.
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Cancelling a PAN card with errors
It is illegal to hold more than one PAN card in India, and doing so can lead to penalties. If you have multiple PAN cards due to administrative errors, you must surrender the duplicates to avoid legal consequences.
If there are errors in the details of your PAN card, such as an incorrect name, date of birth, or other personal information, you may need to cancel or surrender the card and apply for a correction.
To cancel your PAN card, you can follow the below procedure:
- Visit the official NSDL web portal.
- Click on the Services tab and select the option of PAN.
- Under the Change/ Correction in PAN data, click on the option to Apply.
- Click on Application Type. From the drop-down menu, click on the Changes or Correction in existing PAN Data/ Reprint of PAN Card (No changes in existing PAN Data) option.
- From the Category drop-down menu, click on Individual.
- Fill in the form with the required details.
- Submit the form and make the necessary payment.
- Download a soft copy of the payment acknowledgement and save it for future reference.
- Send a printed copy of the acknowledgement along with two photographs to the National Securities Depository Limited eGovernment.
- Label the envelope as "Application for PAN Cancellation" along with the Acknowledgment Number.
You can also surrender your PAN card offline by submitting the PAN Correction Form at your nearest NSDL Collection Centre or PAN centre.
In the case of an individual’s death, the family members of the deceased individual can appeal to the Income Tax Department to cancel the PAN card.
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Surrendering a PAN card after the death of the cardholder
In India, a Permanent Account Number (PAN) card is a 10-digit alphanumeric number issued to taxpayers. An individual is only permitted to hold one PAN card throughout their lifetime.
Upon the death of a PAN cardholder, their relatives or legal heirs must write a letter to the Income Tax Officer of the respective jurisdiction, stating the reason for surrender (i.e., the death of the holder) and attaching the death certificate. The letter should include details such as the name, PAN card number, date of birth, address, and contact details of the deceased.
The same process is to be followed regardless of whether the deceased was an Indian resident, a Non-Resident Indian (NRI), or a foreign national.
To obtain the PAN card details of a deceased person online, legal heirs must log on to the NSDL or UTIITSL websites and provide proof of their relationship with the deceased, along with the necessary documents to verify their identity.
If the deceased was a taxpayer, their legal representatives are liable to file the Income Tax Returns (ITR) on their behalf before cancelling the PAN card. This can be done online or offline.
It is important to surrender the PAN card of a deceased individual to prevent misuse or fraudulent activities.
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Cancelling a PAN card issued in error
In India, a PAN (Permanent Account Number) card is a 10-digit alphanumeric number issued to taxpayers. It is illegal to hold more than one PAN card in India. If a PAN card has been issued in error, it must be cancelled and surrendered to avoid legal consequences and penalties.
If a PAN card has been issued in error, such as to a person who is not eligible or a company that no longer exists, the card must be cancelled and surrendered. This can be done either online or offline.
Online Cancellation
To cancel a PAN card online, the following steps can be taken:
- Visit the official NSDL web portal.
- Click on 'Application Type' and select 'Changes or Correction in existing PAN Data/ Reprint of PAN Card (No changes in existing PAN Data)'.
- For Category, select the relevant option (individual, company, firm, or partnership).
- Fill out Form 49A, mentioning the PAN that needs to be cancelled in Item 11 of the form.
- Submit the completed form and print the acknowledgement.
- Upload scanned images of the applicant's photograph, signature, and relevant documents.
- Make the necessary payment.
- An acknowledgement slip will be generated upon successful payment.
Offline Cancellation
Alternatively, a PAN card can be cancelled offline by following these steps:
- Fill out the PAN Change Request application form, mentioning the PAN currently in use at the top of the form.
- List all other PANs inadvertently allotted and submit the corresponding PAN card copies for cancellation along with the form.
- Submit the form at the nearest PAN centre along with proof of identity, date of birth, address documents, and the PAN card to be surrendered.
- An acknowledgement slip will be provided upon submission of the form.
Cancellation by Authorised Individuals
In the event of the death of a PAN cardholder, their family members or legal heirs can appeal to the Income Tax Department to cancel the PAN card. A letter must be written to the Income Tax Officer of the respective jurisdiction, including the reason for surrender and the death certificate of the deceased.
Similarly, in the case of the dissolution of a company, firm, or partnership, authorised persons can appeal to cancel the entity's PAN card.
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Surrendering a PAN card due to the closure of a firm, partnership, or company
In India, a Permanent Account Number (PAN) card is a 10-digit alphanumeric number issued to taxpayers. It is illegal to hold more than one PAN card, and those with multiple PAN cards must surrender their additional cards.
If a firm, partnership, or company is closed or dissolved, its PAN card must be surrendered to the Income Tax Department. This is to ensure that tax records are updated and no further tax obligations arise for the dissolved entity.
To surrender a PAN card due to the closure of a firm, partnership, or company, the following steps can be taken:
- Visit the NSDL website and select the 'Changes or Correction in existing PAN data/Reprint of PAN card' application.
- Complete the form with the required details, including the PAN number to be cancelled.
- Make the necessary payment using a credit/debit card or net banking.
- An acknowledgement slip will be generated upon successful payment.
- Prepare the necessary documents, including the acknowledgement receipt, a copy of the PAN card to be surrendered, the dissolution deed, and a covering letter stating the intention to surrender the PAN card.
- Mail the documents to the NSDL e-Gov Income Tax PAN Services Unit at the specified address.
- Await a notification confirming the processing of the request.
- Compose a letter to the Income Tax Officer in charge of the jurisdiction where the firm or company filed taxes. The letter should explain that the entity is being dissolved and, therefore, the PAN card needs to be surrendered.
- Attach the necessary documents, including the dissolution deed, the PAN card to be surrendered, and the acknowledgement of the last filed return showing the discontinuation of the firm/company.
It is important to note that the PAN card surrender process may vary slightly depending on the specific circumstances and the jurisdiction involved.
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Frequently asked questions
Yes, you can surrender your old PAN card and apply for a new one. However, you must have a valid reason for doing so, such as errors on your current PAN card, or if you are permanently relocating outside of India.
There are two ways to surrender your PAN card: online or offline.
To surrender your PAN card online, you must fill out the 'Changes or Correction in existing PAN data/ Reprint of PAN card' application on the NSDL website. You will then need to select the check box in the left margin under the contact information in the PAN Card correction form and add any more PANs you wish to cancel or surrender.
To surrender your PAN card offline, you must fill out Form 49A for Change or Correction in PAN, mention the PAN number to be surrendered, and submit the form to the nearest PAN centre.
If you do not surrender your old PAN card, you may face penalties of up to Rs.10,000, tax confusion, and fraud risk.
There are several reasons why you may need to surrender your old PAN card, including:
- Holding multiple PAN cards
- Permanent relocation outside of India
- Errors on your current PAN card
- Death of the PAN cardholder
- Closure of a firm, partnership, or company
