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Can I share my pan card number with others ?

answer

R

Rohit

Dont share your pan card details with others. It can be misused in many ways. Some of the ways of misuse are provided below.

  • If someone is going to quote your PAN for TDS, TCS or for some other transaction, it will be recorded in your Form 26AS at later.

    • Those who use Form 26AS Income Tax Statement for Income Tax return may know very well about its usage.

    • But those who don't know about it at all may not even find out that someone else is misusing their PAN.

    • So if suspicious activity is being performed by that PAN, income tax accessing officer may later call the PAN number person and ask him/her regarding that transaction.

    • You may be totally innocent but still you have to face tax department. 

  • If someone is able to get your xerox copy of the PAN, then it may be misused to obtain a loan or credit card or something else in your name.

    • So be careful when you are signing a xerox copy of the form.

    • Some people may not be eligible to get loans due to bad financial records or low CIBIL score or any other reason. Such people may try to benefit from your PAN.

  • Chances are also there some suspicious person may try to register on the Income tax website and try to file income tax return by using your PAN number.

    • In order to register on the site the person should have to know your surname and date of birth correctly. This can be easily traced by your social profile.

    • So be careful sharing your date of birth publicly on the social media.

    • Recently a scam came into light where a person got a refund of four crore rupees from tax department by giving fake PAN numbers of other people.

    • In fact, financial fraudsters and jewellers are always on the lookout for PAN details, just like phone numbers and e-mail IDs are sought by marketing companies, online fraudsters and bulk spam mail senders. This crucial information is bought by fraudsters and jewellers to keep their transactions clean on paper,”

  • Provide Voter ID or Driving license or Aadhaar Card as proof of identity while tatkal booking, taking a new mobile connection, or any other service where quoting PAN is not must.

 

 
G

Ganesh

Dont share your pan card details with others. Also, dont keep your date of birth and surname in social media as well. Because, the pan number can be found out from these details as well.

There are many cases of Pan card misuse. Few of them are listed below.

Identity theft: PAN misuse makes 27-year-old a ‘director’ of 13 firms

PAN card fraud: Man gets Rs 3 crore income tax notice

Stolen PAN Card Details Of This Man Led To Rs 20 Crore Fraud