PAN Card will cost some holder’s up to Rs 10,000 fine, know why

Sweta Mitra2 min read

PAN Card: If you also have a PAN card then be careful. Because, one small mistake of yours can get you fined Rs 10,000. Yes, you read it right. Some PAN card holders are being fined by the Income Tax Department. In such a situation, if you also use a PAN card and do not want to be fined, then quickly check whether you are in that list or not.

 

Which PAN card holders will be fined Rs 10,000?

PAN card is not only used for filing income tax returns but also for every financial work from bank to investment, property and loan. In such a situation, if your PAN card becomes inactive and you do not activate it again, then a fine of thousands of rupees can be imposed on you. In such a situation, it is important for you to know whether your PAN card is inactive or not. You can check the status of your PAN card even while sitting at home through the process given below.

 

How to check if PAN card is active or not

How to reactivate deactivated PAN

If your PAN card is deactivated, then to activate it, you will first have to link your PAN card with your Aadhaar. Even if it is already linked, check once whether it is still valid or not.

If you have two or duplicate PAN cards, you will have to surrender one of them.

If you want, you can also submit the request through NDL or UTIITSL website.

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Sweta Mitra

Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working…