« Top Headlines » Open DEMAT Account in 24 hrs   How to check income tax return (ITR) status  Income tax rules: How much cash can you receive in one day to avoid an I-T notice?  Tax saving tips: How you can reduce tax burden under the new regime  Condonation of delay under section 119(20) of the Income-tax Act, 1961 in filing of Form No. 9A/10/108/10BB for Assessment Year 2018-19 and subsequent assessment years  Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No. 10-IC or Form No. 10-ID for Assessment Years 2020-21, 2021-22 and 2022-23  New GST form notified to help taxpayers adjust tax demand amount: Here's how to use  ITR filing deadline extended to November 15, 2024 for these taxpayers «  I-T weighs steps to up excise collection... Finmin may not give excise sops to oil cos... » Do you flash multiple PAN cards? October, 05th 2006 There are various problems related to the permanent account number (PAN), which cause concern among many people. In the past few weeks, the submission of PAN and its various details have occupied the minds of investors. Many individuals face the problem of possessing more than one PAN under a single name. While this may be due to several reasons, it is high time that individuals tackle this issue once and for all. At regular intervals, disclosures are made about the number of people who have duplicate PAN. These people should ensure that they return their additional PAN to avoid problems. Recently, a deadline was issued to individuals to surrender their multiple PAN, if any. Individuals need to follow a particular process to comply with this requirement. There are many reasons why people end up with more than one PAN. In fact, many people are often surprised to find that the income tax (IT ) department has issued them more than one PAN. Many of them may have even forgotten the numbers that were issued. This means that many individuals may not even remember that they have more than one PAN. Individuals should first examine their records, as well as any correspondence with the tax department , to see if they have a duplicate PAN. Further, they should try to remember if they have experienced any of the situations stated below, which may have resulted in a duplicate PAN. The most common situations is related to women. An unmarried woman may have taken a PAN, either because she is working, or has income that requires payment of tax and filing of returns. A PAN is required to be submitted to the employer for tax deduction at source and also at the time of filing returns. However, post-marriage , there may be a change in the residential address, as well as name in several cases. Here, the individual may have applied for another PAN with the changed name. However, if the earlier PAN hasnt been cancelled , the person may land up with a duplicate PAN.