Pan allotted as association of person
This query is : Resolved
16 January 2016
SIR,
WE HAVE APPLIED FOR PAN OF A SOCIETY AND IN PAN APPLICATION FORM STATUS OF APPLICANT TICKED AS TRUST.
BUT THE FOURTH ALPHABET OF PAN ALLOTTED TO US IS "A"
IN THIS CASE WE HAVE TO FILE ITR-5 AND NOT ITR-7
SIR, IF WE GET REGISTRATION U/S 12A OF THE INCOME TAX ACT AND APPLY 85 PERCENT OF OUR INCOME THEN HOW THEITR WILL BE FILED AND HOW THE EXEMPTION WILL BE CLAIMED ?
SIR PLEASE CLARIFY
WITH REGARDS
WE HAVE APPLIED FOR PAN OF A SOCIETY AND IN PAN APPLICATION FORM STATUS OF APPLICANT TICKED AS TRUST.
BUT THE FOURTH ALPHABET OF PAN ALLOTTED TO US IS "A"
IN THIS CASE WE HAVE TO FILE ITR-5 AND NOT ITR-7
SIR, IF WE GET REGISTRATION U/S 12A OF THE INCOME TAX ACT AND APPLY 85 PERCENT OF OUR INCOME THEN HOW THEITR WILL BE FILED AND HOW THE EXEMPTION WILL BE CLAIMED ?
SIR PLEASE CLARIFY
WITH REGARDS
16 January 2016
To avail exemption as you proposed, take new PAN under the status AOP (TRUST). Then surrender the existing PAN .
17 January 2016
Plz modify your already issued pan with supporting documents . https://tin.tin.nsdl.com/pan/correction.html
17 January 2016
SIR,
WE ARE A REGISTERED SOCIETY REGISTERED UNDER SOCIETY REGISTRATION ACT 1860. WE HAVE TICKED OUR STATUS AS TRUST IN PAN APPLICATION FORM.
SIR, THERE IS NO SPECIFIC COLUMN OF ASSOCIATION OF PERSON (TRUST) IN PAN APPLICATION FORM. THEN WHAT WE SHOULD DO NOW.
PLEASE GUIDE ME
WITH REGARDS
WE ARE A REGISTERED SOCIETY REGISTERED UNDER SOCIETY REGISTRATION ACT 1860. WE HAVE TICKED OUR STATUS AS TRUST IN PAN APPLICATION FORM.
SIR, THERE IS NO SPECIFIC COLUMN OF ASSOCIATION OF PERSON (TRUST) IN PAN APPLICATION FORM. THEN WHAT WE SHOULD DO NOW.
PLEASE GUIDE ME
WITH REGARDS
17 January 2016
Seems no option other than to apply afresh by selecting trusts (clause 10, 2nd item on left hand side) If you win surrender the old one.
Ps:- AOP (Trust) is in clause 11(b)(v)of instructions to form ITR-7 and not in form 49A.
Ps:- AOP (Trust) is in clause 11(b)(v)of instructions to form ITR-7 and not in form 49A.
17 January 2016
@soni Ji
In correction form there is no option for status change, so your observation will not work out.
In correction form there is no option for status change, so your observation will not work out.
18 January 2016
SIR,
AS I HAVE ALREADY TOLD THAT WE HAVE SELECTED TRUST IN PAN APPLICATION FORM BUT PAN ALLOTTED AS ASSOCIATION OF PERSON.
SIR PLEASE GUIDE ME
AS I HAVE ALREADY TOLD THAT WE HAVE SELECTED TRUST IN PAN APPLICATION FORM BUT PAN ALLOTTED AS ASSOCIATION OF PERSON.
SIR PLEASE GUIDE ME
18 January 2016
SIR,
AS I HAVE ALREADY TOLD THAT WE HAVE SELECTED TRUST IN PAN APPLICATION FORM BUT PAN ALLOTTED AS ASSOCIATION OF PERSON.
SIR PLEASE GUIDE ME
AS I HAVE ALREADY TOLD THAT WE HAVE SELECTED TRUST IN PAN APPLICATION FORM BUT PAN ALLOTTED AS ASSOCIATION OF PERSON.
SIR PLEASE GUIDE ME
19 February 2018
As per my opinion, You should apply for fresh PAN and tick as Artificial Juridical Person not AOP, and file ITR 5 in case if you are not registered as 12A & 80G under Income Tax
However, Tax treatment would be as Trust since Trust includes society registered under society act 1860
However, Tax treatment would be as Trust since Trust includes society registered under society act 1860
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