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    There are several reasons why an individual or entity may need to surrender their PAN (Permanent Account Number) card, including having duplicate cards or the death of the card holder. The process for surrendering a PAN depends on the reason. For duplicate cards, one can apply online but it is better to submit form 49A and documents offline. For deceased individuals, relatives should submit a letter and death certificate. To surrender cards for dissolved firms/companies, one should submit documents showing dissolution and file tax returns for the discontinuation period. It is best to visit the tax department in person to ensure proper surrender of the PAN card.

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    S170

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    There are several reasons why an individual or entity may need to surrender their PAN (Permanent Account Number) card, including having duplicate cards or the death of the card holder. The process for surrendering a PAN depends on the reason. For duplicate cards, one can apply online but it is better to submit form 49A and documents offline. For deceased individuals, relatives should submit a letter and death certificate. To surrender cards for dissolved firms/companies, one should submit documents showing dissolution and file tax returns for the discontinuation period. It is best to visit the tax department in person to ensure proper surrender of the PAN card.

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    There are several reasons why an individual or entity may need to surrender their PAN (Permanent Account Number) card, including having duplicate cards or the death of the card holder. The process for surrendering a PAN depends on the reason. For duplicate cards, one can apply online but it is better to submit form 49A and documents offline. For deceased individuals, relatives should submit a letter and death certificate. To surrender cards for dissolved firms/companies, one should submit documents showing dissolution and file tax returns for the discontinuation period. It is best to visit the tax department in person to ensure proper surrender of the PAN card.

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    Download as docx, pdf, or txt
    414 views3 pages

    S170

    Uploaded by

    dssfd
    There are several reasons why an individual or entity may need to surrender their PAN (Permanent Account Number) card, including having duplicate cards or the death of the card holder. The process for surrendering a PAN depends on the reason. For duplicate cards, one can apply online but it is better to submit form 49A and documents offline. For deceased individuals, relatives should submit a letter and death certificate. To surrender cards for dissolved firms/companies, one should submit documents showing dissolution and file tax returns for the discontinuation period. It is best to visit the tax department in person to ensure proper surrender of the PAN card.

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    How to Surrender PAN Practical

    Approach

    A PAN (Permanent Account Number) card is a unique 10character number that


    is assigned to every taxpayer by the Income Tax Department. As per section
    139A of Income Tax Act, a tax paying entity can hold only one PAN.
    There are times when individuals or entities are required to surrender their PAN
    cards, for a number of reasons. The process for surrendering your PAN card
    depending on the reason for it is listed below.

    Surrender of Duplicate PAN Card:

    An individual or entity could have been issued with duplicate PAN cards due to
    an administrative error or if he applied multiple times and received a PAN card
    each time. Since an individual or entity cannot hold more than one PAN card at a
    time, the duplicates have to be surrendered.

    Surrendering a duplicate PAN card can be done both online as well as offline.

    Online Process to Surrender Duplicate PAN card:

    a. Visit Income Tax Department’s website link . and submit the required details.

    b. Alternatively, you may fill and submit PAN Change Request application form
    by mentioning the PAN which you are using currently on top of the form. All other
    PAN/s inadvertently allotted to you should be mentioned.

    However, practically, the online method is ineffective.

    It is more advisable to opt for Manual/offline process to Surrender Duplicate PAN


    Card

    Offline Process to Surrender Duplicate PAN card:

    Step 1 Fill up Form 49A for Change or Correction in PAN, mention the PAN
    number to be surrendered and submit the form to the nearest UTI or NSDL TIN
    facilitation centre. Save a copy of Acknowledgment for future reference
    Step 2 Write a letter addressed to the Assessing Officer of your jurisdiction (You
    can find
    your Jurisdiction officer from www.incometaxindiaefiling.gov.in
    (http://www.incometaxindiaefiling.gov.in)> Know your Jurisdiction Officer).
    Mention your personal details such as the full name on your PAN card, date of
    birth (or date of incorporation in case of companies or firms), PAN card number
    to be retained and details of duplicate PAN card being surrendered and keep the
    acknowledgement received.

    Step 3 – At time of submission of Letter mentioned in Point 2 above, also


    enclose a copy of Duplicate PAN to be surrendered along with Acknowledgment
    Copy obtained from NSDL TIN facilitation centre as obtained in point 1
    mentioned above.

    Step 4 – Practically speaking (from personal experience), the AO will levy


    penalty u/s 272B r.w. section 139A of Rs.10,000/( Rupees Ten Thousand) under
    the Income Tax Act for holding more than one PAN. It is therefore a better option
    to pay penalty and also enclose the penalty challan along with the PAN surrender
    letter as mentioned in Point 2 above.

    Step 5 – In addition, (from personal experience), the AO is most likely to insist for
    an Affidavit stating that the individual or entity holds no other PAN other than the
    PAN in use (mention the PAN number in use) and that the duplicate PAN which
    is being surrendered has not been relied upon at any time for Income tax
    purpose or any other purposes.

    On submission of the above mentioned documents, the AO will deactivate/delete


    the duplicate PAN.

    Surrender PAN Card due to Death of Individual Holder:

    In the event of the demise of the PAN card holder, a letter addressed to the
    Assessing Officer for that jurisdiction is to be written by the relatives of the
    deceased. The letter should mention the reason for the surrender (demise of the
    holder) as well as a copy of the deceased’s death certificate. The letter should
    also mention the PAN details such as PAN number, name, and date of birth.

    This procedure can be used to surrender a PAN card upon death of Indian
    residents, NRIs (Non Resident Indians) as well as foreign nationals.

    Surrender of Firm/Partnership/Company PAN Card on dissolution or


    Winding up:
    Online Process to Surrender Firm/Partnership/Company PAN Card If the firm/
    partnership is being shut down or dissolved, the PAN card issued in the name of
    the firm has to be surrendered. The PAN card can be surrendered online by
    visiting the NSDL TIN website and filling out form 49A.

    However, practically online option is not workable and does not ensure the
    surrender on part of the Income Tax department.

    The best option is therefore the Offline/Manual process.

    Offline Process to Surrender Firm/Partnership/Company PAN Card

    1.Write a letter to the Income Tax Jurisdiction Officer under whose jurisdiction
    the firm/company’s taxes were being filed and mention that the company is being
    dissolved, resulting in the PAN card being surrendered.

    2. Attach a copy of the deed/ resolution that states the company is being
    dissolved, the PAN card as well as an acknowledgment of the return being filed
    for the discontinuation period.

    3. Submit the letter and documents to the Income Tax Jurisdiction Officer and
    keep a copy of the acknowledgement received from the tax office.

    4. Resolve all cases of any outstanding appeals or cases pending with the
    Income Tax Department with consultation of respective Income Tax Jurisdiction
    Officer.

    From my experience, it is always a better option to visit the Income Tax


    department and ensure the surrender process is completed through consultation
    of respective jurisdiction officer.

    Source courtesy:caclubindia.com

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