How to Surrender PAN Card - Know the Process
The Permanent Account Number (PAN), also referred to as a PAN card, is an important identification document in India used extensively for undertaking financial transactions, filing taxes, opening bank accounts, and purchasing property. There may be certain occasions when an individual needs to surrender their PAN card. The reasons could be multiple, such as holding multiple PAN cards, permanent relocation outside of India, or current PAN card errors.
Knowing the PAN card surrender online process is important to ensure uniformity with legal requirements and avoid potential penalties. This blog will help you understand the PAN surrender application process in detail, covering both online and offline methods.
Possible Reasons for Surrendering PAN Card
People may surrender a PAN card due to duplicate issuance, the holder's death, or relocation abroad, where the card is no longer needed for tax purposes. Let’s know the possible reasons why one might need to surrender their PAN card.
- Numerous PAN Cards: It is only legitimate to hold up to one PAN card. If you accidentally acquire multiple PAN cards, the immediate question is how to cancel them.
- Change in Residential Address: There might be a situation when Non-Resident Indians (NRIs) or foreign nationals who once possessed a PAN card have to forgo it because of a change in residential status.
- Expired PAN Holder: In the event of a PAN holder’s death, the legal successors of the deceased will have to surrender their PAN card.
- Incorrect Information: If incorrect information has been entered on the PAN card, it cannot be corrected. The next course of action is to surrender the PAN card immediately.
The Process of Surrendering Pan Card
If you are wondering how to surrender your PAN card online. Well, the method is convenient and can be completed without visiting a physical office. Here’s a step-by-step guide on how to do it.
Step 1: Visit the Official Website
Visit the National Securities Depository Limited (NSDL) or UTI Infrastructure Technology And Services Limited (UTIITSL) official website.
Go to the PAN section and select the option for surrender or correction.
Step 2: Select the Right Form
Choose the PAN cancellation/surrender form available on the official website.
Step 3: Fill all the Necessary Details
If you have duplicate or multiple PAN cards, provide your personal information, including the PAN number you wish to surrender and the one you intend to retain.
Fill in the necessary fields carefully to avoid any errors.
Step 4: Upload Required Documents
Upload a scanned copy of the PAN card you wish to surrender and the one you wish to retain.
If a person has passed away, surrender the person’s PAN card and upload the death certificate and identity proof of the legal successor.
Step 5: Submit the Application and Pay the Fees
Make sure you submit the completed application form.
Pay the necessary fees, if required, to process the surrender request.
Step 6: Acknowledgement Receipt
After the application form is successfully submitted, an acknowledgement receipt with a unique acknowledgement number will be generated.
Ensure that you keep this receipt for future reference to check the status of your application.
Surrender PAN Card Offline
If an individual is comfortable with the traditional method, surrendering the PAN card offline is simple. Here's how one can do it.
Step 1: Get the Form
- You can obtain the PAN surrender form (Form 49A or Form 49AA) from any local PAN service centre or download it from the NSDL or UTIITSL website.
Step 2: Fill the Form
- Fill out the form with all the required details, including the PAN number to be surrendered and the one to be retained.
- Clearly state the reason for surrendering the PAN card.
Step 3: Attach the Required Documents
- Attach copies of the PAN cards you are surrendering and the one you are retaining.
- If surrendering the PAN card of a deceased person, attach the death certificate and proof of identity for the legal heir.
Step 4: Submit the Application
- Make sure to submit the complete form and attached documents at your nearest PAN service centre.
- Also, ensure that there is no applicable fee for the surrendering process.
Step 5: Get the Acknowledgement Receipt
- After applying, you will receive an acknowledgement receipt.
- Keep this receipt safe for tracking your application status.
Surrendering Your PAN Card is Simple
Surrendering your PAN card, whether online or offline, is a straightforward process designed to accommodate various needs, such as correcting errors, consolidating multiple PANs, or managing changes in residency status. By following the step-by-step instructions outlined above, you can efficiently navigate the surrender process and ensure compliance with legal requirements.
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Frequently Asked Questions (FAQs)
To surrender a PAN card, submit a request to the Income Tax Department using Form 49A or 49AA, along with the original PAN card and relevant documents.
Yes, you can surrender a PAN card online by visiting the Income Tax Department's e-filing portal and following the instructions for cancelling the card.
Yes, a nominal fee may be required when surrendering a PAN card online, especially if you are submitting a correction or update request alongside the surrender. The fee covers processing charges and can vary depending on the method and specific request.