Others

How To Surrender PAN Card

Do you have more than one PAN card? Is your company shutting down and you don’t know what to do with its PAN card? You’ve come to the right place! Keep going as we’ve laid it all out for you.

Every PAN Card has a 10-digit unique Permanent Account Number that allows the government to track qualifying taxpayers’ financial transactions. The PAN is important because it permits people to file their income tax returns and undertake high-value transactions. However, there are some circumstances in which persons may be required to surrender their PAN card. In this  post, we will explain how you can surrender your PAN card and why you would even need to do so.

Surrendering a Duplicate PAN Card

Sometimes there arise situations wherein an individual ends up with two PAN Cards, and in such cases, they will have to surrender their duplicate PAN card. 

Here’s a quick look at how individuals can surrender their duplicate PAN cards online.

  1. First and foremost, users will have to visit the NSDL’s official website.
  2. From the homepage, applicants will have to navigate to the ‘Application Type’ tab and choose the ‘Change or Correction in PAN card’ option.
  3. Applicants will then have to fill out the application form and click on the ‘Submit’ button. 
  4. Once the system receives your application, it will generate a token number which will be sent to your registered email address.
  5. Make sure you take note of this number as you will need it for all future references.
  6. Next, applicants will have to click on the’ Continue with PAN Application’ button to proceed.
  7. A new web page will pop up wherein users must click on the ‘submit images via e-Sign’ option. On this page, you will also have to mention the PAN card number you wish to retain.
  8. Next, applicants must submit their details, mention their additional PANs and click on the ‘Next’ button.
  9. Afterwards, applicants must upload scanned copies of their proof of identity, address and date of birth as required. They will also have to upload copies of their recent photograph and signature.
  10. Once you have submitted all the details, you can preview the application form to check for errors. After verifying all the details provided and making the required edits, applicants can click on ‘Proceed.’
  11. The applicants will now have to make the necessary payment of the required processing fees via credit or debit card, net banking or DD.
  12. Once the payment is successful users will receive an acknowledgement slip which they must download and print as proof of payment.
  13. Lastly, the applicants must send a physical copy of this acknowledgement slip, along with two photographs to the NSDL office in Pune.
  14. The envelope you send the documents in must be labelled as ‘Application for PAN cancellation’ followed by the 15-digit acknowledgement number. The envelope must also carry the DD if required, along with self-attested copies of your supporting documents. 
  15. Applicants must send the envelope to the address given below to complete the process;
Income Tax PAN Services Unit,
NSDL e-Governance Infrastructure Limited,
5th Floor, Mantri Sterling,
Plot No. 341, Survey No. 997/8,
Model Colony, Near Deep Bungalow Chowk,
Pune – 411 016.

REGISTER YOUR PAN

Surrendering a Duplicate PAN Card Offline

Here’s a quick look at how individuals can surrender their duplicate PAN cards offline:

  1. Applicants can download a copy of the PAN Correction form from the NSDL website using this link.
  2. Then you must fill in all the required details and submit the form at the nearest NSDL collection center along with self-attested copies of the required supporting documents.
  3. Once you submit all the required documents, the executive will hand you an acknowledgement slip which contains an acknowledgement number.
  4. Applicants will have to send this slip to the NSDL office within fifteen days of filing the request physically at an NSDL centre.
  5. You will also have to file a letter requesting the cancellation of your duplicate PANs with the Assessing Officer, in which you must include details of the duplicate PANs. 
  6. The Assessing Officer might also ask you to submit an affidavit indicating you do not have any other PAN cards. Applicants can also visit the nearest Income Tax Assessing Officer and request them to cancel their duplicate PAN cards with the help of a letter. 

Surrendering the PAN Card of a Deceased Individual

In case a cardholder passes away unexpectedly, their relatives will have to ensure their PAN card is surrendered on time. The process of surrendering the PAN card of a deceased individual stays the same for both Indian and foreign nationals. 

They will have to submit a letter to the nearest Income Tax Officer stating the reason for surrender along with a copy of the death certificate. The letter will also have to contain the following details:

  1. PAN card number of the deceased
  2. Date of birth of the cardholder
  3. Name and contact details of the cardholder and his legal heirs 

Surrendering the PAN card of a Company/Partnership Firm/Business Entity Online

In case a business entity is dissolved or liquidated, the directors of the company must surrender the company’s PAN card. Here’s a quick look at how Directors can surrender the PAN card held by the company online. 

  1. First and foremost, the executives will have to visit the NSDL’s official website.
  2. From the homepage, navigate to the ‘Application Type’ tab and choose the ‘Change or Correction in PAN card’ option.
  3. Fill out the application form and enter details regarding the PAN number you wish to cancel in Section 11 of the form.
  4. Once you submit all the details, review the application form and click on ‘Proceed.’
  5. Next, pay the required processing fees using a credit or debit card, net banking or DD option.
  6. After making the payment, take a printout of the acknowledgement slip as proof of payment.
  7. Enclose the acknowledgement slip, a copy of your PAN card, the company dissolution deed and a covering letter requesting the cancellation of your PAN card in an envelope. 
  8. Send this envelope to the NSDL e-Gov office whose address is given below along with self-attested copies of the required supporting documents.
  9. Applicants will then receive a notification on their registered email address and mobile number once their request has been processed.

Surrendering the PAN card of a Company/Partnership Firm/Business Entity Offline

  1. The signatory authority must send a letter to the local Income Tax Officer, indicating that his company has been dissolved and request a cancellation of the PAN card.
  2. Applicants must enclose along with the letter, a copy of the resolution deed, the PAN card and an acknowledgement return for the period of discontinuation.
  3. The slip and the rest of the documents must be submitted to the Income Tax Officer under whose jurisdiction the company falls. 
  4. Applicants must retain the acknowledgement slip they receive in return.

Surrendering a PAN Card in Use

Cardholders should not surrender their PAN card unless necessary as it serves as valid proof of identity in India. However, foreign nationals who are leaving India and have no outstanding tax dues may choose to surrender their PAN card.

 In such cases, they can cancel their PAN card by writing a letter to the Income Tax Assessing Officer under whose jurisdiction they fall. They will also have to mention the reason for the surrender. And once approved, they can surrender their PAN card to the authorities

Read More:

0

Back to top button

Adblocker

Remove Adblocker Extension