Pan card fine penalty: Not having a PAN card

Not having a PAN card when required, providing incorrect details, or holding multiple PANs can result in hefty penalties : Penalty for Violations: Section 272B of the Income-tax Act imposes... What happens if PAN card is not linked to Aadhaar card, read on to understand the implications of not linking PAN with Aadhaar card and penalty details. There are strict regulations regarding owning multiple PANs, with the government imposing a fine of ₹ 10,000 on anyone who owns duplicate PANs. This fine is imposed under Section 272B of the Income Tax Act and is meant to be a deterrent against owning multiple PANs. How to Return Additional PAN Cards? Not linking Aadhaar with PAN can lead to penalties , including unusable PAN cards, higher tax deductions, and fines for late linking or possessing multiple PAN cards.