Category: Services

PAN Card Cancellation - Vakilsearch In accordance with Section 139A of the Income Tax Act, only one Pan Card may be kept for the entire life of an individual taxpayer. If it is found that he or she has kept more than one Pan Card, the taxpayer will have to pay the Income Tax Department a penalty fee of Rs 10,000. In such situations, the applicant is obliged to remove the additional Pan Cards from its actual profile.