Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 Income tax returns for FY 2023-24: Keep these 8 tax law changes in mind while filing ITR this year
 ITR Filing 2024: Know who can and cannot file income tax returns using ITR-1 this year
 Income Tax Filing: 10 necessary guidelines that you must be aware of
 Why you should file your income tax returns before July 31
 What is Form 26AS? How to download Form 26AS to file Income Tax Return (ITR)
 Income Tax Return: What are the alternatives to Form 16 that can be used while filing ITR?
 What should you do if your Form 16 data doesn't match your ITR prefilled form?
 Check your Form 26AS, AIS carefully for error-free income tax return filing
 10 ITR filing mistakes which can cost taxpayers dearly
 Income Tax Return (ITR) Filing Deadlines FY 2023-24: A Quick Guide for Different Taxpayers
 ITR Filing FY24: 6 key points taxpayers must know as July 31 deadline looms large

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.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting