« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  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.