Old PAN Card Is Necessary To Change Know Rules

PAN Card: PAN card is a very important document, which is used for financial related purposes. Without PAN card, you will not be able to do income tax return, deposit more money in the bank and many other things. On the other hand, if there is wrong information in the PAN card or it is not updated, then many works can get halted.

PAN card has to be updated from time to time with new information. If you want to change your name, surname or any other information in the PAN card, you can do so. PAN card can be updated online even sitting at home and it can be updated anytime.

Is it necessary to change old PAN card?

If PAN card is cut or lost, it can be applied again as per the instructions of the government. It will be issued again after a few days of applying. However, if your PAN card is old then it is not necessary that you get it changed.

PAN card remains valid for life

If something needs to be updated or changed then you can apply for an updated PAN card in place of the old PAN card. Tax and legal experts say it is not mandatory to replace the old PAN card as the Permanent Account Number (PAN) remains valid for the lifetime of the taxpayer unless it is canceled or surrendered, reports Financial Express. .

How to make PAN card

You can apply online for a new or duplicate PAN card through the official website of the Income Tax Department of India. You can visit NSDL or UTIITSL websites and follow the instructions to apply online. You will be required to fill the PAN card application form (Form 49A or Form 49AA), as applicable.

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