No, holding two Permanent Account Number (PAN) cards is strictly illegal under Section 139A of the Indian Income Tax Act. Every individual or entity is only permitted to possess a single, unique PAN. If you are found to have a duplicate PAN card, the Income Tax Department can impose a financial penalty of ₹10,000 under Section 272B. To comply with the law and avoid penalties, you must immediately surrender the extra PAN card by submitting a request to the Income Tax Department.
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