« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Why PAN rollout deadline got deferred... Maharashtra to look into ST on petrol, diesel... » Govt to impose Rs 10,000 penalty on duplicate PAN card holders September, 27th 2006 The government today warned the estimated 13 lakh duplicate PAN (Permanent Account Number) card holders of a penalty of Rs 10,000 if they do not surrender these by the December 31 deadline. After December 31, this year we will cancel all duplicate PAN cards, Central Board of Direct Taxes spokesman said A K Sinha. However, if the duplicate PAN card holders are found to be using these cards for fraudulent purposes, they will be fined Rs 10,000 under Sec 272 (b) of the Income Tax Act. Before taking such action, the department will issue show cause notice to the person concerned and give him ample chance to prove his innocence, Sinha said, adding there may be innocent tax payers using dupliacte cards unknowingly.