How long is the validity of your PAN card, do you know this? Does PAN card have an expiry date? Most people will not know the answer to this. Let us tell you.
PAN Card is a very important document in today’s time. It is issued by NSDL (National Securities Depository Limited). It contains some information like your name, date of birth and a 10-digit alphanumeric number. PAN card is very much needed from opening a bank account to filing ITR. It is also considered very useful in terms of preventing tax evasion. In today’s time, most people have a PAN Card, but how long is the validity of your PAN card, do you know this? Does PAN card have an expiry date? Most people will not know the answer to this. Let us tell you.
Does PAN card expire?
PAN Card does not have any expiry, meaning once you have made a PAN card, its validity remains for lifetime. Therefore, after getting a PAN card, you do not need to worry about its expiry. Yes, if your PAN card is lost or damaged, you can get it made again. NSDL also provides you the facility to get a duplicate PAN card.
You cannot keep more than one PAN card
According to the rules of the Income Tax Department, a person should have only one PAN card. It is illegal to keep more than one PAN card. Action can be taken against it. Under the provisions of Section 272B of the Income Tax Act 1961, keeping more than one PAN card can attract a fine of Rs 10,000 or a minimum sentence of 6 months, or both punishment and fine. If by mistake you have two PAN cards, then correct this mistake in time and surrender one PAN card.
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How to surrender PAN card
- You can surrender the PAN card both online and offline. To surrender online, you have to visit the NSDL website.
- After this, from the Application Type drop-down, select the Changes or Correction in existing PAN Data/Reprint of PAN Card (No changes in existing PAN Data) option.
- Fill the form and submit it. After submitting the form, your request will be registered. After this, a token number will be sent to your email ID.
- Note down the token number and continue the process by clicking on Continue with PAN Application Form given below. Now a new web page will open. On this page, choose the option of Submit scanned images through e-Sign.
- On the bottom left side of the page, you have to fill the details of the PAN card which you want to keep with you. Fill in the requested information, after this choose the option of Next.
- After this, upload the requested documents like photo, signature, address, identity card etc. Make payment wherever required. After payment, you will see a receipt to download. Download it and keep it safe.
- Now send two photographs along with a copy of the receipt to the NSDL office. Before sending the receipt, label the envelope with Application for PAN cancellation and the receipt number. Also send a letter to the officer who listed the duplicate PAN details and request him to cancel it.
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