Discover PAN 2.0, the free upgrade for all taxpayers featuring advanced security, dynamic QR codes, and duplicate detection. Streamline tax compliance and prevent fraud today! Penalty for Multiple PANs Owning duplicate or multiple PAN Cards is not permitted by law and a person who holds them could find himself/herself in a serious spot of bother. Owning a PAN comes with responsibility, with the government relying on information received through PAN details to determine the tax liability of individuals. PAN 2.0: Surrender duplicate PAN Card now or face Rs 10,000 penalty – Details here The PAN 2.0 Project also aligns with the Digital India initiative, emphasizing eco-friendly, paperless ... If you have lost or misplaced the original PAN card that needs to be surrendered, you can still provide the details of the lost card during the surrender process. It is advisable to report the loss to the concerned authorities and apply for a duplicate PAN card , if required.