Income tax returns
This query is : Open
03 February 2010
Hi
My question is if a person taken a Bar & restaurant on hire and he wanted to file the returns of the same can he filed the return based on his personal PAN or he need to Apply for new pan card as this bar is not registered in his name and what will the documents required to filed his returns
Waiting for the reply
Sitaram
My question is if a person taken a Bar & restaurant on hire and he wanted to file the returns of the same can he filed the return based on his personal PAN or he need to Apply for new pan card as this bar is not registered in his name and what will the documents required to filed his returns
Waiting for the reply
Sitaram
03 February 2010
If the person has taken the bar and restaurant in his personal capacity, no separate PAN needs to be obtained. He can file the income from Bar and Restaurant under the head "Income from Business".
03 February 2010
He has to include the income of bar & restaurant in his income and file his personal return.
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