pan card

rishi (Querist) 10 February 2017 This query is : Resolved
I have two pan cards.both of them have different surnames.also the surname of of my father is differennt on both cards.but both cards have same date of birth and adress.However I have used one card in banks.I have never deposited nor withdrawn more than 49000/= at any bank.Is there chance of penality in case I withdraw more than 49000/= or deposit more than 49000//=
My second question is,can I produce a pan card in name of my shop.If yes then can I use it in my saving accunts or current acconts

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Kishor Mehta (Expert) 10 February 2017
Sir,
It is patently illegal to possess more than one PAN card. You had better return the extra card. You should get the card rectified for the error.
Good luck,
Kishor Mehta

Adv. Yogen Kakade (Expert) 10 February 2017
I agree with Mr. Mehta.

Rajendra K Goyal (Expert) 10 February 2017
Surrender second card immediately.

In case of any notice from IT department discuss with local tax consultant.

Ms.Usha Kapoor (Expert) 11 February 2017
AGREE WITH MEHTA.

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