Pan Card Alert | PAN card is known as an important document in the country.
In fact people have PAN card for years.
No obligation to surrender or replace
Tax and legal experts explain what the rules say about old PAN cards.
Also used as ID card
Also, there is no special order for replacement of old and worn out PAN cards.
You can request a new copy
In such cases you can get a copy of your Electronic PAN (ePAN) from the NSDL PAN portal.
Disclaimer | Investing in mutual funds and stock market is based on risks.
News Title : Pan Card Alert if completed 10 years 17 September 2023.
PAN card is required to file income tax return and income tax return cannot be filed without PAN card. Apart from this, PAN card is also required for major financial transactions. If your PAN card is old, there are important things to remember.
If it’s been 10, 20 or 30 years of holding the PAN card, the date of birth, photograph or other relevant information on the PAN card may get a little faded and the signature may also get faded, which is not clearly visible. In that case, when a copy of the PAN card is also released, people do not get a proper print. In this way, the question is arising in people’s minds that it is necessary or mandatory to change the old PAN card and get a new PAN card. Let’s find out about it.
Tax and legal experts explain what the rules say about old PAN cards. Changing the old PAN card is not mandatory, as the Permanent Account Number (PAN) remains valid throughout the life of the taxpayer unless it is canceled or surrendered, experts pointed out.
Also, there is no special order for replacement of old and worn out PAN cards. Although PAN card is primarily for tax purposes, it is also often used as an identity proof. In such a case, to avoid any inconvenience, the information written in the PAN card must be clear so that your identity can be verified.
In such cases you can get a copy of your Electronic PAN (ePAN) from the NSDL PAN portal. A new physical copy of PAN card can be requested on the same portal by paying a fee. Also, since PAN card is valid for lifetime, it is not mandatory to change PAN card. People can apply for duplicate PAN card by submitting online or physical application form following the official guidelines of Income Tax Department.
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