Now Tax payer Can Surrender PAN Online !

There are various reasons why more than one PAN was allotted to a tax payers. CBDT has now set up an online way for those allottees to surrender the extra PAN not in use. Readers should know that it is illegal to have two PANs and the penalty for such offence is Rs.10,000/-.Therefore , it is advisable to retain only one PAN, preferably the one used for Income Tax purpose and surrender the other number immediately. The institutions where the latter number has been quoted should be informed of the correct PAN.

 How to Surrender PAN online
Click this link . You will get a window like the below one

That’s it.

Other way to surrender PAN?

Yes, there are other ways

1. you can simply surrender the PAN through a letter addressed to your jurisdictional Assessing Officer.
2. You can surrender the pan by filing a application “change in pan data ” through UTI pan centers or NSDL TIN Facilitation centers.In the new application fill spare pan number in Last row of the Form.

Now PAN surrender has really been made easy

By

CA. Mukesh Saran
M.Com.,FCA, ISA-ICAI
Lucknow

saranfca@gmail.com