« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  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.