Can sharing PAN number be misused?

Even just sharing your PAN number with someone whom you can’t trust is also not good. So avoid sharing PAN number also. For instance official income tax website provide a service to Know your PAN for your benefit. But actually this service may also be misused by someone else.

How do you check if my PAN is misused?

When your PAN card is illegally used, you may not even be aware of this for atleast 6 months after the wrong transaction. You can check for such benami transactions by going through your Form 26AS, which is a consolidated statement of tax deducted, along with other details.

How do I report a misuse of pan card?

PAN Grievances

1. Step – 1. Visit https://incometax.intelenetglobal.com/pan/pan.asp.
2. Step – 2. Click on submit button and fill out the requisite details like Nature of Complaint, Receipt Number etc.
3. Step – 3. Click on submit button in order to Submit the Grievance.

Is my PAN number confidential?

NEW DELHI : The Income Tax department is warning all holders of Permanent Account Number to not share their ten-digit alphanumeric PAN publicly on social media. The tax department says sharing of such personal data can lead to its misuse.

Can we share pan card with others?

Dont share your pan card details with others. It can be misused in many ways. Some of the ways of misuse are provided below. If someone is going to quote your PAN for TDS, TCS or for some other transaction, it will be recorded in your Form 26AS at later.

Is it safe to share PAN number with consultancy?

Hi, yes you can share your PAN number with consultancy. Consultancies ask for your PAN Card details as a part of their regular documentation. Many times your resume will be sent to HR Dept. of MNC by consultancy firm, in order to keep your data in company’s database they need PAN details.

What information can we get from pan card?

Last character, i.e., the tenth character is an alphabetic check digit. PAN enables the department to identify/ link all transactions of the PAN holder with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence etc, and so on.

How can I block my PAN Card?

The PAN card can be surrendered online by visiting the NSDL TIN website and filling out form 49A. Select the category from the drop down list and proceed with filling the form online. Enter the PAN number to be cancelled in item 11 of the form.

Can I give my PAN card copy to anyone?

If you are a non-tax paying PAN card holder, you may not even be able to check this form. As a PAN card holder, you should take care while disclosing your PAN details to anyone. You must hand over only signed photocopies and try to reduce using PAN in all casual transactions as ID proof.

What information can be obtained from PAN card?

Since PAN Card contains information such as Name, Age and photograph, it can be used throughout the country as a valid identity proof. PAN is the best possible way to keep track of your tax payment.

What if I have more than one PAN card?

Assessee who have more than one PAN should immediately Apply for surrender of additional PAN number (s) allotted to them as having more than one PAN may make them liable to a penalty of Rs. 10,000/- Assessee can apply for surrender of PAN card by two methods.

How do I cancel multiple PAN cards?

You can cancel multiple PAN cards that you may have in your name by following the steps mentioned below: Step 1 – Visit the tin-nsdl.com Step 2 – Click on PAN under the ‘Services’ tab Step 3 – Click on ‘Apply’ under ‘Change/Correction in PAN data

When to use this form for PAN card application?

This form should be used when the applicant has never applied for a PAN or does not have PAN allotted to him. An applicant can visit Income Tax Department (ITD) website to find whether a PAN has been allotted to him or not.

Why can’t I Check my PAN card details?

In case you are a non-tax paying PAN card holder, you may not be able to check this form. The Income Tax Department will require the PAN card-holder to prove that the transaction was not carried out by them, and also give details on their source of funds.