Pan card fine penalty: It is crucial to avoid having

It is crucial to avoid having duplicate PAN cards, as it is illegal and can lead to serious consequences. Holding multiple PAN cards with the intention to deceive the government or evade taxes can result in fines of up to Rs 10,000, as per section 272B of the Income Tax Act. Providing an incorrect PAN number while filing income tax returns or conducting financial transactions can lead to penalties . The Income Tax Department may impose a fine of up to ₹10,000 for... Holding more than one PAN is illegal under Section 139A (7) of the Income‑tax Act. The Assessing Officer can levy a ₹10,000 penalty per default under Section 272B and may pursue further action if you continue using the duplicate. Surrender all extra PANs immediately—online or offline—to avoid fines , higher TDS/TCS issues, and compliance roadblocks. What happens if PAN card is not linked to Aadhaar card, read on to understand the implications of not linking PAN with Aadhaar card and penalty details.