If you intend to cancel or surrender your current PAN (Permanent Account Number), a visit to your local Income Tax Assessing Officer is necessary. Submit a formal request letter detailing your intention to cancel or surrender the PAN. This article provides guidance on the procedures for surrendering PAN cards, both online and offline, applicable to individuals, firms, partnership firms, and companies
A PAN card is a distinctive 10-character identifier assigned to each taxpayer. Individuals are allowed only one PAN for their entire lifetime. Circumstances may arise, such as duplicity or other reasons, prompting the need to surrender your PAN card. Explore the comprehensive steps outlined below to understand the process of surrendering your PAN card, whether through online or offline channels.
To surrender your duplicate PAN card offline, adhere to the following steps:
For Indian citizens, it is recommended to retain their in-use PAN card as it functions as a legitimate identity proof. However, for foreign nationals departing India and no longer liable for Indian taxes, the PAN card loses its relevance. In such instances, individuals can submit a formal application to the Income Tax Assessing Officer in their jurisdiction, expressing the intent to surrender their PAN card. The application should explicitly state the reasons for surrendering the PAN card, facilitating the subsequent cancellation process. Once the PAN card is canceled, the holder can proceed to surrender it to the tax office.
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