« Top Headlines » Open DEMAT Account in 24 hrs  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing «  I-T weighs steps to up excise collection... Finmin may not give excise sops to oil cos... » Do you flash multiple PAN cards? October, 05th 2006 There are various problems related to the permanent account number (PAN), which cause concern among many people. In the past few weeks, the submission of PAN and its various details have occupied the minds of investors. Many individuals face the problem of possessing more than one PAN under a single name. While this may be due to several reasons, it is high time that individuals tackle this issue once and for all. At regular intervals, disclosures are made about the number of people who have duplicate PAN. These people should ensure that they return their additional PAN to avoid problems. Recently, a deadline was issued to individuals to surrender their multiple PAN, if any. Individuals need to follow a particular process to comply with this requirement. There are many reasons why people end up with more than one PAN. In fact, many people are often surprised to find that the income tax (IT ) department has issued them more than one PAN. Many of them may have even forgotten the numbers that were issued. This means that many individuals may not even remember that they have more than one PAN. Individuals should first examine their records, as well as any correspondence with the tax department , to see if they have a duplicate PAN. Further, they should try to remember if they have experienced any of the situations stated below, which may have resulted in a duplicate PAN. The most common situations is related to women. An unmarried woman may have taken a PAN, either because she is working, or has income that requires payment of tax and filing of returns. A PAN is required to be submitted to the employer for tax deduction at source and also at the time of filing returns. However, post-marriage , there may be a change in the residential address, as well as name in several cases. Here, the individual may have applied for another PAN with the changed name. However, if the earlier PAN hasnt been cancelled , the person may land up with a duplicate PAN.