Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

pan card of properitory firm

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir, i am starting a properitory firm. While Filling a PAN CARD THROUGH ONLINE 49A,i get little confused while chosing category. PL GUIDE For proprietary firm, which category should I select among following:- Firm or (2)Company or (3) Body of individuals . Also, For this firm , which Tax registration is needed? The firm will be engaged in manufacturing of biomass briquetting w .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ill sell across state. Rgds SAGAR SHELKE - Reply By kanagaraj shanmugam - The Reply = Dear Sagar, you are not supposed to apply for pan card in the name of the propreitory concern in which you are proreitor. you must useyour individual PAN for your propreitory business. you must use the same PAN for any number of propreitory business regrds - Reply By DEV KUMAR KOTHARI - The Re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ply = Proprietory concern is not an independent and legal person person - it is a unit of proprietor. Therefore, seperate PAN is not required. Seperate TAN is also not required. A PAN and TAN obtained for an individual carrying busines or profession in name of proprietory concern can use the samePAN and TAN. He should take care to obtain TDS certficates in name of Proprietor. For this purpose .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... every person who is to deduct tax from payments/ credit in favour of proprietory concern should be informed and requested to issue TDS certificates in name of proprietor instead of in name of proprietory concern. Better course is that each invoice and other related documents should show name of concern and fact that it is proprietory concern of say P. It is suggested to the CBDT that a re .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cord of proprietory concerns of PAN holder may be kept and each proprietory concern be tagged with the PAN // TAN of the Proprietor. - Reply By sunil karma - The Reply = you may apply for pan card use of just this simple process know your pan or get benifit in above thing. - pan card of properitory firm - Query Started By: - SAGAR SHELKE Dated:- 7-10-2011 Income Tax - Got 3 Replies - In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates