PAN/TAN Surrender

Overview
Benefits
Process to surrender PAN
Process to surrender TAN
FAQs

Overview

PAN Stands for Permanent Account Number and TAN stand for Tax Deduction and Collection Number. Requirement to surrender PAN or TAN arises in the below circumstances:

Individual/Proprietor:

When an individual/proprietor having more than one PAN or TAN, he needs to surrender the additional/extra PAN Or TAN.
In case death of individual/Proprietor.

Partnership Firm/Company

If the Partnership firm is being dissolved then the PAN, TAN issued in the name of the firm needs to be surrender.
In case the Company is being Liquidated or Shut down, then the PAN,TAN issued in the name of the Company shall be surrender.

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Benefits of Surrender

Saving Penalties: In case the assessee are having more than one PAN/TAN, whether acquired intentionally or not then it is against the law since the assessee cannot hold more than one PAN/TAN. The officer may levy a penalty of Rs 10,000 under the Act on the assessee.
Therefore, in such case the assessee need to surrender immediately the additional PAN/TAN.

Process to surrender PAN

1. In Case of Individual having Additional PAN

The assesse shall make an application “online” through NSDL website in form PAN change request form. In the form, the PAN you are using mention on the top and all the additional PAN in the point 11 of the application form along with the copy of PAN. An application number will provided after filing of application and additional PAN shall be cancelled within 15 days.

2. In case of Death of an Individual/Proprietor

In case of death of person, the PAN card shall be surrendered by the legal heirs of the deceased person. The legal heirs of the deceased shall make an application “offline” to the concerned AO in the prescribed form for cancellation of PAN along with letter to AO having detail of deceased like name, DOB, PAN number, PAN card copy and death certificate copy.
If the deceased was the tax payer then the legal heirs first file the ITR on behalf of deceased and pay all the taxes before making an application to AO for cancellation of PAN.

3. In case of Partnership Firm/Company

In case the partnership firm being shut down/dissolved then the PAN needs to be surrendered. The partner of the firm shall make application/letter to their Assessing Officer for cancellation of PAN due to dissolution of the Firm.
The Dissolution Deed (if registered then better) along with the Copy of PAN card shall be enclosed with the application/letter.
● In case the Company is liquidated then the director shall make application/letter to AO for cancellation of PAN along with Liquidation proof and copy of PAN card.

Process to surrender TAN

1. In case of Additional TAN

In case the assesse having additional TAN, he shall make application “online” through NSDL in TAN change request and mention the TAN that need to be cancelled in item no 6.
The assesse need to upload the copy of additional TAN along with the Form and wait for upto 15days after receiving the acknowledgement.

2. In Case TAN is not required anymore:

Further, before making an application to the concerned officer the assessee need to ensure that all TDS/TCS return has been filed and there are no dues pending on him.
In case the assessee need to make an application “offline” to the Assessing Officer(TDS) mentioning the nature of activity that was being carried out, Detail of TAN, Reason for discontinuance of business activity etc.
Copy of TAN, Last return acknowledgement and screenshot of no demand shall be enclosed with the application.

FAQs

The application can’t be withdrawn by our self, it can be rejected by the department/officer.

PAN and TAN are two different things for the asseseee in all scenario. Therefore, an assessee needs to make a separate application for cancellation of TAN.

Spice stands for Simplified Proforma for Incorporating Company Electronically. It is the mechanism to promote the Ease of Doing Business via simplifying the procedure of formation of company.

No, in such case you need to fill the application for change/amendment and the PAN number shall be same.

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