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New Delhi, August 7: In a bid to reduce very high numbers of fake numbers of Permanent Account Numbers or PAN numbers, the central government deactivated over 11 lakhs PANs which violated the rules.
The Minister of State for Finance Santosh Kumar Gangwar told in Rajya Sabha that 11 lakhs PANs have been identified and deleted or deactivated till July 27.
As per the government's rules and regulations, no person is allowed to have more than one PAN. A penalty of Rs 10,000 is also liable to be imposed under section 272B of the Income-tax Act, 1961 if the rule is violated.
Let us see how you can validate your PAN number to check if is still active