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Is It Legal to Have Two PAN Cards in India?"

 "Is It Legal to Have Two PAN Cards in India?" 🪪🤯🔍

Client Question of the Day:
"I lost my PAN card once and applied for a new one. Now I have two. Is that okay, or am I in trouble?" 😬📇📤

Answer: 📢 Nope! Having two PAN cards is illegal in India — even if one was obtained by mistake or for backup. Under Section 139A of the Income Tax Act, 1961, every individual is allowed only one Permanent Account Number (PAN). Having two can lead to a fine and even more trouble with the Income Tax Department! 💼📉

Here’s what you need to know:
🚫 Holding multiple PANs can attract a penalty of ₹10,000 under Section 272B
📬 If you've got two by mistake, surrender one immediately to the nearest NSDL or UTIITSL centre
🧾 Use only one PAN for all financial and tax transactions
🧠 Duplicate PANs can cause mismatches in IT returns, TDS credit issues, and even legal scrutiny
🛡️ It’s not a collector's item — it’s a unique identity

✨ Top Keywords & Benefits:
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✅ Financial Identity India
✅ PAN Card Cancellation Process
✅ IT Return Error Correction
✅ Indian Income Tax Law
✅ PAN Card Legal Advice
✅ Identity Proof Law India
✅ Tax Compliance India

#PANCardIndia #DuplicatePANCard #IncomeTaxIndia #Section272B #LexisAndCompany #PANCardSurrender #IndianTaxLaw #FinancialComplianceIndia #PANCardLegalHelp #TaxReturnIndia

😂 Client: “But I thought one PAN was for salary, the other for side hustle!”
Lawyer: “You’re not Tony Stark, sir. One identity, one PAN!” 😎🔧

📌 Why this matters?
Two PANs don’t mean twice the tax refunds — they mean double trouble. Banks, employers, and the IT department link everything to this number. Mess it up, and it could trigger audits or rejections! 🚨📊

💼 Legal takeaway:
Keep your PAN profile clean. One person = One PAN = Peace of mind. 💳✅

#PANCardMistakeIndia #LegalTaxIndia #OnePersonOnePAN #LexisAndCompany #TaxpayerIndia

📣 Got PAN confusion or need help with surrendering a duplicate?
📜 LEXIS AND COMPANY offers quick assistance for PAN card issues, income tax compliance, and identity document corrections.

📞 Call now for tax compliance support: +91-9051112233
🌐 Website: https://www.lexcliq.com

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