A person cannot hold more than one PAN. If a PAN is ALLOTTED to a person, then he cannot apply for obtaining another PAN. A penalty of Rs. 10,000/- is liable to be imposed under Section 272B of the Income-tax Act, 1961 for having more than one PAN. If a person has been allotted more than one PAN then he should immediately surrender the ADDITIONAL PAN card(s).

By mistake I have been using different PANs for different purposes like one for my demat ACCOUNT and another for FILING my Income-tax return and payment of TAXES.

A person cannot hold more than one PAN. If a PAN is allotted to a person, then he cannot apply for obtaining another PAN. A penalty of Rs. 10,000/- is liable to be imposed under Section 272B of the Income-tax Act, 1961 for having more than one PAN. If a person has been allotted more than one PAN then he should immediately surrender the additional PAN card(s).

By mistake I have been using different PANs for different purposes like one for my demat account and another for filing my Income-tax return and payment of taxes.