PAN Card has become an important part of our identity and financial activities in today’s era. Whether you want to open a bank account, file income tax return or complete any kind of financial KYC process, PAN card is needed everywhere. But have you ever wondered whether PAN card also has an expiry date?
Does PAN card end the validity?
The biggest question about PAN card is whether it can expire?
The answer is – no.
The PAN card remains valid throughout his life. This is valid as long as the person is alive. PAN card is canceled only after the death of a person.
After death, a copy of the death certificate has to be submitted to the Income Tax Department to disable the PAN card.
More than one PAN card? Can be fined!
In India, any person is allowed to keep only one PAN card. If someone has more than one PAN card accidentally or deliberately, it is illegal.
How much penalty will be imposed?
Under Section 272B of the Income Tax Act 1961, if a person has two or more PAN cards, then he can be fined ₹ 10,000.
If you have accidentally made two PAN cards, then you should surrender one of them immediately.
How to surrender duplicate PAN card?
You can surrender your additional PAN card in both online or offline methods:
Online process:
Go to the income tax e-filing website
PAN go to Grievances Section
Choose the option of surrender pan and fill the required information
Offline process:
Fill the form “49A” or “Pan Correction Form”
Attach additional PAN card copy with form
Submit nearest NSDL or Utiitsl Center
How to make a new PAN card sitting at home?
Now you do not need to be in line for PAN card. You can make your new PAN card sitting at home, that too with the help of Aadhaar card:
Online Process:
E-filing portal Go to
Click on Instant Pan Through Aadhaar
Click “Get New Pan”
Enter your Aadhaar number
OTP will come on registered mobile, enter it
The e-pain card will be released immediately after the verification is completed
You can download this e-PAN or if you want, then you can also make a physical card.
conclusion
PAN card remains valid throughout life, it never expires
Keeping more than one PAN card is a crime – a fine of up to ₹ 10,000 can be imposed.
Accidentally surrender duplicate PAN card immediately
