Government deactivated over 11 lakh PANs

NewsDesk
Government deactivated over 11 lakh PANs

More than 11 Lakh permanent account numbers(PANs) were deleted or deactivated by the government in cases where multiple PANS were found allotted to one person.

PAN is the key identifier of taxable entity and aggregator of all financial transactions undertaken by person.

A person cannot hold more than one PAN. A penalty of Rs. 10,000 is liable to be imposed under section 272B of the income tax Act, 1961 for having more than one PAN.

Reports said that the government also detected fake PAN cards which were allotted to non-existing individuals or to people who have submitted false information about themselves.

How to check if your PAN is still active

  1.  Visit the income tax e-filing portal(www.incometacindiaefiling.gov.in)
  2.  On the home page, under the 'Services' tab, click 'Know your PAN'
  3.  On the page open, enter name, gender,date of birth, registered mobile number and click on submit.
  4.  Enter OTP received  and click on Validate.
  5.  If PAN is valid, it will show as Active under the remarks column.
Government deactivated over 11 lakh PANs

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