Requirement of PAN for Demat account

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..... Whether Oversead Body Corporate based in Moritius having in no existence in India is required to obtain PAN no. for opening Demat Account in India. Someone please advice. - Reply By Ganesh Sati - The Reply = Yes. For opening D-mat account, furnishing PAN is obligatory. However, if you are a PAN holder, the same would not automatically make you liable to file your Income tax return in India. Ther .....

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..... e are several transactions for which obtaining PAN has been made mandatory, however filing of IT is governed by provision of section 139(1) . ITR will be filed in India only if there is some income (of loss) which is received or deemed to be received or accrues/arise or deemed to accrue/arise in India. In the present case, however, since u will be holding securities/units which are issued by Indi .....

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..... an company/AMC, any income thereform (whether by way of capital gains or by way of dividend) will be deemed to accrue or arise in India in view of Section 9 of the IT Act . - Reply By Nirmal Barmecha - The Reply = Thanks for the reply. But still I have some confusion that eveb if the company has to apply for the PAN then please clarrify on the following points to be given in Form 49 A: 1.Statu .....

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..... s of applicant 2.Addrees of the Applicant 3.How the Overseas Corporate Body based in Moritius will be assessed in India 4.How to receive the PAN card in India. Please reply. - Reply By Nirmal Barmecha - The Reply = Please reply some one.If any confusion pleae clear. - Requirement of PAN for Demat account - Query Started By: - Nirmal Barmecha Dated:- 29-5-2007 Service Tax - Got 3 Replies - Servic .....

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..... e Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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