While Indian residents are not encouraged to surrender the PAN card they are utilizing as it very well may be utilized as a substantial record for personality evidence, outside nationals who are leaving the nation and won’t cover regulatory obligation have no utilization of a PAN card.
Such people can surrender their PAN card by composing a letter to the Income Tax Assessing Officer under whose purview they fall, referencing the purpose behind the PAN surrender.
The PAN card will at that point be dropped and the holder can surrender it to the duty official.
There are times when people or elements are required to surrender their PAN cards, for various reasons. The procedure for surrendering your PAN card contingent upon the purpose behind it is recorded underneath.
Surrender Duplicate PAN Card:
An individual or element could have been issue with copy PAN cards because of a regulatory mistake or in the event that he connected on numerous occasions and got a PAN card each time. As it is unlawful to have more than one PAN card at once, the copies must be surrendered.
Surrendering a copy PAN card should be possible both online just as disconnected.
The most effective method to surrender a Duplicate PAN Card – Online
- Visit the Income Tax Department site and go to the ‘Surrender Duplicate PAN’ alternative.
- Enter the subtleties of the copy PAN number/(s) and the PAN you wish to hold also your own subtleties, for example, full name, date or birth (date of joining if there should be an occurrence of organizations) and contact subtleties.
- Present the structure, whereupon you will be coordinated with regards to the further procedure.
The most effective method to surrender a Duplicate PAN Card – Offline
- Compose a letter routed to the Assessing Officer under whose locale your Income Tax is documented. Notice your own subtleties, for example, the full name on your PAN card, date of birth (or date of consolidation if there should be an occurrence of organizations), PAN card number to be held and subtleties of copy PAN card being surrendered.
- Post or hand over the letter to the closest duty office and keep the affirmation got. The affirmation shows the copy PAN cards have been dropped by the Department.
- On the other hand, you could top off Form 49A for Change or Correction in PAN and present the structure to the closest UTI or NSDL TIN help focus.
Tips to surrender extra/Duplicate PAN card and consequent results
On the off chance that people have more than one PAN card, they may punished for equivalent to the administration has ordered that PAN and Aadhaar cards should connected. According to Section 139A of Income Tax Act, 1961, an individual can hold just a single PAN card. This area manages PAN card qualification.
According to Section 272B of the Income Tax Act, the salary charge officer can force a punishment of Rs.10,000 on a person who has more than one PAN card. Be that as it may, on the off chance that people have more than one card, they can deactivate the additional card by visiting the NSDL online entry and fill the structure for PAN revision. When the structure has been filled and installment made, people will get an affirmation.
Furthermore, people can do the equivalent disconnected also by presenting the PAN revision structure at the nearest NSDL gathering focus and fill and letter with the jurisdictional Assessing Officer and pay for the equivalent.
Surrender PAN Card because of Death of Individual Holder:
- In case of the end of the PAN card holder, a letter routed to the Income Tax Officer for that purview is to be composed by the relatives of the expired. The letter should specify the explanation behind the surrender (downfall of the holder) just as a duplicate of the expired’s passing declaration. The letter ought to likewise specify the PAN subtleties, for example, PAN number, name, and date of birth.
- This technique can be utilized to surrender a PAN endless supply of Indian occupants, NRIs (Non Resident Indians) just as outside nationals.
Surrender of Firm/Partnership/Company PAN Card
Online Process to Surrender Firm/Partnership/Company PAN Card
- In the event that the firm/association is being closed down or disintegrated, the PAN card issued for the sake of the firm must be surrendered.
- The PAN card can be surrendered online by visiting the NSDL TIN site and rounding out structure 49A.
- Select the class starting from the drop list and continue with filling the structure on the web.
- Enter the PAN number to be dropped in thing 11 of the structure.
- Present the structure and print out the affirmation and send it alongside the essential records to the NSDL office at the location referenced on the structure.
- You will get a warning once the solicitation has been handled.
Disconnected Process to Surrender Firm/Partnership/Company PAN Card
- Compose a letter to the Income Tax Officer under whose locale the firm/organization’s duties were being documented and notice that the organization is being broken down, bringing about the PAN card being surrendered.
- Append a duplicate of the deed that expresses the organization is being broken down, the PAN card just as an affirmation of the arrival being petitioned for the stopping time frame.
- Present the letter and records to the Income Tax Officer and keep a duplicate of the affirmation got from the assessment office.
