Income Tax Department is on a mission to deactivate PAN cards of people. Don’t worry, they aren’t cancelling everyone’s PAN card. As per the law, an assessee is allowed to hold only one PAN card under his name, but some people keep multiple PAN cards either knowingly or unknowingly. This has created problems for multi-cardholders. In many cases, people are losing access to such card which they use to file their tax return. Since such PAN is also used to access I-T department’s e-filing portal, people are left with blocked accounts on the portal. As a result, they can neither file their taxes nor respond to the notices or intimations received from the tax department.
If you are also facing this problem, then you need to follow the steps given below:
In case, you have received any intimation from the tax department regarding cash deposits made post demonetisation while your PAN is blocked, you need to immediately follow the above steps to get your PAN activated as soon as possible. However, since it takes 10-15 days to get your PAN activated, so in the meantime, you can respond manually by filing a response letter on paper to your jurisdictional Assessing Officer. After your PAN is reactivated by the taxman, make sure to file the response to intimation online as well to avoid any chance of getting into trouble.
Please note that holding more than one PAN card is illegal. If you are caught with multiple PAN registered under your name, then the taxman can impose a penalty of Rs. 10,000 on you. So, if you hold more than one PAN card which has not been deactivated by the tax department, then you should immediately get them cancelled yourself.