Navigating the process of surrendering a PAN card, whether through the digital realm or traditional means, demands a clear understanding of the steps involved. In this comprehensive guide, we delve into both the online and offline procedures for relinquishing a PAN card. By shedding light on the intricacies of these approaches, we aim to equip you with the knowledge needed to seamlessly navigate the surrender process and ensure a hassle-free experience.
How to Surrender PAN Card for Individuals?
Individuals can surrender PAN cards online and offline. To surrender pan car online, individuals need to visit the official NSDL website, complete a form, make the required payment, and submit the necessary documents electronically. In the offline approach, individuals should draft a letter to the respective Income Tax Officer, explaining the reason for surrender and including supporting documents. Regardless of the method chosen, it’s essential to follow the specified steps for a smooth PAN card surrender process.
Online Process of NSDL Pan Card Surrender
- Visit NSDL website and access ‘PAN Change Request Online Form’ page.
- Choose “Changes or Correction in existing PAN Data/Reprint of PAN Card” from “Application Type.”
- Fill out the form, including citizenship, category, title, etc. Click ‘Submit.’
- Note the token number sent to email. Click “Continue with PAN Application Form.”
- Choose submission method: Aadhaar-based e-KYC/e-Sign, Digital Signature Certificate, or physical submission.
- Complete all fields, indicate PANs to surrender, and select checkboxes. Click ‘Next.’
- Select proof of identity, residence, and date of birth for submission.
- Scan and upload photo, signature, and required documents. Ensure authorized signatures.
- Review application preview, edit or proceed to payment.
- Make payment through demand draft, credit/debit card, or internet banking.
- Download acknowledgment after successful payment.
- For physical submission, attach photos, sign acknowledgment, label envelope, and mail to NSDL e-Gov.
- Submit signed acknowledgment, demand draft (if needed), and documents within 15 days to:
NSDL e-Gov at ‘Income Tax PAN Services Unit, NSDL e-Governance Infrastructure Limited, 5th Floor, Mantri Sterling, Plot No. 341, Survey No. 997/8, Model Colony, Near Deep Bungalow Chowk, Pune – 411 016.
Offline Process to Surrender PAN Card for Individuals
- Fill out the “Request For New PAN Card Or/And Changes Or Correction in PAN Data” form.
- Take the form and necessary documents to the nearest NSDL collection centre.
- Get an acknowledgement slip upon form submission.
- Send the acknowledgement slip to NSDL within 15 days.
- Write a letter to your Assessing Officer, explaining the duplicate PAN issue and requesting cancellation.
- Consider providing an affidavit confirming your single PAN ownership.
- Visit your local Income Tax Assessing Officer, submit a letter about the duplicate PAN, and request cancellation.
- Keep the acknowledgment number for reference.
Note that it’s important to remember that surrendering your PAN card is an irreversible process. Make sure to link your Aadhaar card with your PAN to avoid any complications with your income tax filings.
Returning PAN Card of a Deceased Individual
When the PAN cardholder passes away, the family or relatives should compose a letter to the Income Tax Officer in the relevant area. This letter should explain the reason for surrendering the PAN card due to the cardholder’s demise and include the death certificate. Additionally, the letter needs to mention specific details such as the cardholder’s name, PAN card number, date of birth, and related particulars. The procedure for giving back the PAN card remains consistent whether it is for an Indian resident, an NRI, or a foreign national who has passed away.
Process for Surrendering PAN Card of a Firm, Partnership Firm, or Company
When a firm, partnership firm, or company closes down or undergoes dissolution, it becomes necessary to surrender the PAN card registered under its name. Here’s the procedure for surrendering the PAN card associated with a partnership firm, firm, or company:
Surrendering PAN Card of a Firm/Partnership Firm/Company – Online Process
- Visit the NSDL website.
- Complete the online form with the necessary details.
- Provide the PAN number intended for cancellation in item 11 of the form.
- Carefully review the form before proceeding to pay the required amount through credit/debit card or net banking.
- Upon submission, print the acknowledgment receipt.
- Include the acknowledgment receipt, a copy of the PAN card to be surrendered, and a dissolution deed (if applicable) if the company is dissolving.
- Write a covering letter expressing your intention to surrender the PAN card.
- Send the package to the address of “NSDL e-Gov at Income Tax PAN Services Unit” along with all the required documents.
- Expect a notification confirming the processing of your request.
Surrendering PAN Card of a Firm/Partnership Firm/Company – Offline Process
To surrender the PAN card of a firm, partnership firm, or company offline, you need to follow these steps:
- Compose a letter addressed to the Income Tax Officer who oversees the jurisdiction where the firm/company filed its taxes. In the letter, clarify that the firm/company is being dissolved, leading to the surrender of the PAN card.
- Attach necessary documents along with the letter. These include a copy of the dissolution deed that confirms the closure of the firm/company, a photocopy of the PAN card, and an acknowledgment of the filed return for the discontinuation period.
- Present the letter and accompanying documents to the relevant Income Tax Officer. Ensure you keep the acknowledgment provided by the officer as proof of submission.
Points to Note as you Surrender your PAN Card
- Understand the surrender reason: Determine the specific reason for surrendering your PAN card. Whether it’s due to holding multiple cards or any other valid reason, make sure you can provide the necessary explanation during the surrender process.
- Verify documents: Double-check that you have all the required documents, such as a copy of your PAN card, identity proof, address proof, and surrender reason proof (if applicable). Ensure that the documents are valid and up to date.
- Online vs. offline: Decide whether you prefer the online or offline method for surrendering your PAN card. Consider factors such as convenience, accessibility, and personal preference when making your choice.
- Follow guidelines: Whether you opt for the online or offline process, carefully read and follow the guidelines provided by the Income Tax Department. Pay attention to details like form filling, document attachments, and signatures to avoid any errors or delays.
- Keep copies and receipts: Make photocopies of all the documents you submit, including the surrender application form. Additionally, keep copies of any acknowledgment receipts, postal receipts, or courier receipts as proof of submission.
- Contact support if needed: If you encounter any difficulties or have specific questions during the surrender process, don’t hesitate to contact the Income Tax Department helpline or seek assistance from a tax professional. They can provide guidance and address any concerns you may have.
- Update your records: After surrendering your PAN card, ensure that you update your records accordingly. Notify banks, financial institutions, and any other relevant entities about the surrender to avoid future complications or discrepancies.
- Maintain communication: If you have submitted your surrender application but haven’t received any acknowledgment or response within a reasonable timeframe, consider reaching out to the Income Tax Department to inquire about the status of your application.
Surrendering your PAN card may seem like a daunting task, but armed with the knowledge of the online and offline processes, you can bid farewell to your PAN card with ease. Whether you choose the convenience of the online method or the traditional route of offline submission, following the guidelines and ensuring all necessary documents are in order is crucial. Remember to keep copies of all documents, maintain communication, and update your records post-surrender. By taking these steps, you can navigate the surrender process seamlessly and move forward confidently, free from the burden of an unnecessary PAN card. So, embrace the journey, surrender your PAN card responsibly, and embark on a smoother financial path ahead.