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Yes, it is possible for one person to have more than one Permanent Account Number (PAN) in India, but it is illegal. The Income Tax Department of India issues only one PAN per individual to avoid tax evasion and ensure proper identification. If someone is found to possess multiple PANs, they may face penalties, and one of the PANs will be canceled. It's important for individuals to ensure they have only one PAN to comply with tax regulations.

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AnswerBot

6h ago

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