PAN Card Cancellation Online

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PAN Card Cancellation Online

In India, people residing must have heard and know about the PAN Card; PAN, meaning Permanent Account Number, is a 10-digit account number deemed important for major financial tasks such as filing for taxes and opening a bank account. A PAN card also serves as identity proof, making it a crucial document for people. It is against the law to have several PAN Cards, and it might lead to a huge fee or imprisonment as well. You can opt for PAN Card cancellation online. After the government implemented the rule to link Aadhar with PAN cards, many people and organizations had to cancel or surrender their extra PAN cards. There are other situations under which a person might opt for PAN Card cancellation.

This comprehensive guide will provide all the information about PAN card cancellation online with other details:  

PAN Card Cancellation Form

A person opting for PAN Card cancellation should give priority to attaining a PAN card cancellation form; this form can be accessed both offline and online. This is the same form a person fills when they apply for a new PAN Card or correct their original one. After filling in the required information, the individual must opt for the 'Apply for PAN online' option. Afterward, a new tab opens where they must fill in the required information and submit the form. 

Process of PAN Card Cancellation Online

PAN Card cancellation online takes only a few steps; it is an easy and quick process. If you are wondering how to cancel your PAN Card online, then you should follow the below steps:

  • Step 1: Go to the official website of the Income Department. Look for the PAN Change Request Application form in the main menu and fill out the necessary information.
  • Step 2: On the top of the application form, provide all the information about your current PAN Card.
  • Step 3: Provide the correct reason and details about why you opted for canceling your PAN Card. 
  • Step 4: Fill out in item no. 11 all the information correctly about any extra PAN cards you hold. 
  • Step 5: Ensure you provide all the important identity proofs such as Aadhar Card, Birth certificate, or Password if asked. 
  • Step 6: At last, submit the PAN card together with the PAN Change Request application form. 

How to Check PAN Card Cancellation Online Status?

Now that you filled out the PAN Card cancellation form, you might wish to keep track of its progress. You can do this by checking your PAN Card Cancellation status by following simple steps from the ease of your home: 

  • Step 1: On your smartphone browser, go to the official site of the Income Department.
  • Step 2: Now go to the home page of the Income Department website and look for the Services option on the homepage. 
  • Step 3: Now, on the Services page, select the option of 'Know the status of PAN/TAN application'. This is where you find the application status. 
  • Step 4: After you click on the ' Know the status of PAN/TAN application', the website will ask for details such as the acknowledgment number. You must fill in the 15-digit acknowledgment number you provided while submitting the PAN Application form. 
  • Step 5: After you have filled in the required information, click on the submit button to proceed. Now, you can see the status of your PAN Card cancellation online. 
  • Step 6: Read the displayed information about your PAN Card cancellation closely. If it depicts 'Under Process', it implies the cancellation is still under process. If it says 'Acepted', then it means that the process is complete. If it shows ' Rejected' written on the screen, then it means that your application was not accepted due to some errors or reasons that are avoidable by the law. 
  • Step 7: In the case of application rejection, contact the concerned authority and find the reason. You have to submit a new application for PAN Card Cancellation online. 

Remember that if you possess multiple PAN cards and are opting for the status of your cancellation form, then you might have to provide more additional details.  

Reasons Behind Cancellation of PAN Card

There could be reasons why you want to opt for PAN Card cancellation online or offline. Let's look at these reasons to understand better: 

  • Several PAN numbers

Sometimes, due to human errors, the IT department gives multiple PAN numbers to one person. It can happen when someone applies for a PAN card more than once, and the department assigns them different PAN numbers.

  • Errors/Mistakes in Current PAN Card

Another common issue is errors on the printed PAN card. This can include mistakes like a misspelled name or an incorrect birthdate. In such cases, the individual should cancel their PAN card with errors and request a new, accurate one. It's a practical solution to fix these problems.

Consequences of Non-Cancellation of Extra PAN Card

Remember this: in India, only one PAN card per person is allowed by the law. More than one PAN cardholder may attract a penalty according to the Income Tax Act, 1961, Section 139A. Under Section 272B of the Income Tax Act, if you hold more than a single PAN card, an Assessing Officer may fine you Rs 10,000. 

You can surrender or cancel the extra PAN card through the NSDL web portal and complete the PAN correction process by filling out the PAN adjustment form. Expect a confirmation when your application is processed and payment is made. 

Alternatively, you can visit your nearest NSDL Collection Centre and complete the PAN correction form. Your card will be delivered once the process is complete and paid for by the Assessing Officer in the jurisdiction.

Conclusion

A PAN card is a vital document for financial and identity purposes in India. Having multiple PAN cards is against the law and can lead to penalties. It's crucial to cancel or surrender extra PAN cards to comply with the regulations. The process of PAN Card cancellation online is straightforward, and you can easily track the status of your cancellation online. Avoid the consequences of holding multiple PAN cards by following the legal procedures for correction and cancellation.

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