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<h1>Individuals Urged to Use Single PAN for All Financial Activities; Surrender Additional PANs to Avoid Issues.</h1> Using multiple PANs for different purposes, such as one for a demat account and another for income tax filings, is a mistake. It is recommended to retain only one PAN, ideally the one used for income tax purposes, and surrender the other. Inform institutions where the incorrect PAN was used about the correct PAN to rectify the issue.