These people will pay Rs 10,000 fine for their PAN cards, check details

The Permanent Account Number (PAN) card is a unique identity, which is very important in any kind of financial transaction. The PAN card has an alphanumeric 10 digit number, which is determined by the Income Tax Department. This process comes under the Central Board of Direct Taxes (CBDT). PAN is also important for filing income tax returns.

You should know why PAN card is important for you. During Aadhaar tax return filing, your Aadhaar must be linked with PAN. According to the Income Tax Department, PAN cards have to be given for cash purchases of bank drafts, pay orders or bankers checks of Rs 50,000 or above in a day.

If you have two PAN cards and you are caught during investigation, then you can be fined up to Rs 10,000. Apart from this, your bank account may be frozen. To avoid this, you will have to submit the second PAN card to the department immediately. There is also a provision for this in section 272B of the Income Tax Act of 1961.

The process of submitting your PAN is simple. This can be done in different ways. You can access the form to submit the PAN card by visiting the website and clicking on the link “Request for New PAN Card or/and Change or Correction in PAN Data”. Fill the form and return it to any NSDL office.

(Sources: jansatta.com)

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7 Comments
  1. Suraj Ray says

    Hello sar mejhe ek help chahiye 10th class ka hu mujhe rupees ka bahut jarurat hai koi loan app best

  2. Angtong Rongpi says

    Pleease allow me

  3. hari says

    Why Corruption is not curbed till date since 2014 when voters voted BJP giving absolute majority but this party is only fooling & bluffing people on this issue ? BJP ruled states are equally corrupt like Congress ruled states but BJP top leadership is silent spectator which has shattered voters confidence on BJP.

    1. Hari says

      Ok. Of the 2 which one would you trust? Hindu or muslim

  4. Sandip Kumar sahu says

    My PAN card missing

  5. Yawer ibn Ramzan says

    My pan card has some wrong digits in (pan number ) and the pan card is linked to the aadhar but the bank doesn’t accept my pan card , they are asking your pan number is incorrect .
    Then i applied for correct in NSDL but pan number doesn’t changes !
    What can i do?

    1. WCE 2 says

      Please Read The Article For The Details

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