How to surrender your PAN Card?

PAN Card is a must to have a document, so Indian citizens are advised not to surrender a PAN Card being a taxpayer of the country as you are not allowed to do so. It is a valid identity proof even for NRIs also. You can only surrender the PAN card in the following situation

Sometimes due to administrative error, the individuals are issued with the duplicate PAN Card. This may also the case if the applicant files multiple applications. Please note that it is illegal to have more than one PAN Card at the same time, all the duplicates have to be surrendered.

• Log on to the Income Tax Department website.
• Choose the option’ duplicate PAN Card.
• Enter the detail of the duplicate PAN number that you wish to surrender, and the detail of PAN that you wish to retain. Along with that share the personal details like name, date, or birth (date of incorporation in case of companies) and contact details.
• Submit the form, whereupon you will be directed as to the further process.

• Write an application addressing to the Assessing officer of your jurisdiction where you are liable to file the ITR.
• Enter the detail of the duplicate PAN number that you wish to surrender, and the detail of PAN that you wish to retain. Along with that share the personal details like name, date, or birth (date of incorporation in case of companies) and contact details.
• Post or give the letter to the nearest tax office and keep the acknowledgment received.
• The acknowledgment is proof that duplicate PAN cards stand canceled by the Department.
• Alternatively, you could fill up Form 49A for Change or Correction in PAN and submit the form to the nearest UTI or NSDL TIN facilitation center.

In case of the sudden demise of the PAN Cardholder, a family member has to write an application to the Income Tax officer of their respective jurisdiction. The letter should include the reason for the surrender of the PAN Card as well as a copy of the deceased’s death certificate. The letter should also mention the PAN details such as PAN number, name, and date of birth.

This procedure can be used to surrender a PAN card upon the death of Indian residents, NRIs (Non-Resident Indians) as well as foreign nationals.

If the firm/ partnership is being shut down or dissolved, the PAN card issued in the name of the firm has to be surrendered.

• Log on to the website of NSDL and fill in PAN Form 49A
• Choose the desired category from the drop-down list and proceed with filling the form online.
• Enter the PAN number to be canceled in item 11 of the form.
• Make the form submission and take the printout of the acknowledgment receipt.
• Send the form along with the necessary documents to the NSDL office at the mentioned
address on the PAN form.
• You will receive a notification once the request has been processed.

• Write a letter to the Income Tax officer about the company is being dissolved or shut down. The Income Tax officer is to be addressed under whose jurisdiction the firm/company’s taxes were being filed.
• Attach a self-attested copy of the partnership deed that states the company is being dissolved, the PAN card as well as an acknowledgment of the return being filed for the discontinuation period.
• Make the letter submission along with supporting documents to the Income Tax Officer and keep a copy of the acknowledgment received from the tax office.

According to Section 272B of the Income Tax Act, the Income Tax officer charges a penalty of Rs 10,000 on an individual who is holding multiple PAN Card or misusing PAN cards on death or surrendering of a partnership, company, or a firm. To avoid paying a penalty, deactivate the extra card by visiting the NSDL online portal and fill in the form for PAN correction. Once the form has been filled and payment made, individuals will receive an acknowledgment.