Pan Card
SATYANARAYANA K
(Querist) 09 February 2010
This query is : Resolved
"A" have Pan Card, "A" have entered into agreement with the Ltd comPany, to suPPly the Products of the comPany, unfortunately all comPany transactions made in "A" sb account with Pan Card no, all transactions over, agreement Period of 3 years with the comPany is also over, now "A" wanted to can the Pan Card, and to open new Pan Card is it Possible to open new account.
"A" have fear about income tax, but actually there is no income to pay the tax, but all transactions done in "A" account like employees salary, travelling etc, actual income is less than tax amount.
Is it possible to open new pan card and cancel the old pan card please suggest sir
Raj Kumar Makkad
(Expert) 09 February 2010
No. Within the framework of law, it is not possible but.....
A V Vishal
(Expert) 09 February 2010
IT IS ILLEGAL TO HAVE TWO DIFFERENT PAN NUMBERS FOR THE SAME INDIVIDUAL. IT WILL ATTRACT BOTH PROSECUTION AND PENALTY.
SATYANARAYANA K
(Querist) 10 February 2010
Thank you very much to Raj Kumar & A V Vishal sirs,
