Pan application

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 November 2012 Suppose a Firm Which Registered Under Partnership Act, 1932, Not Applied for PAN in The Year of registration.
Even No Income, Only 2-3 Transaction of Contribution Received From Partners in Bank of Firm.
Now Partners Wanna to Dissolve The Firm, No Transaction Yet.
Now Whether Need to File IT Return After Applying PAN.of 2011-12.

@VaibhavJ

@VaibhavJ (Expert)
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02 November 2012 Hi

Yes u/s 139 a firm is required to file a return of income or loss.

Rgds//Vaibhav
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Querist : Anonymous

Querist : Anonymous (Querist)

02 November 2012 But Vaibhav,
You Have Not Given Such Answer That Give You Thank (Alwz dont seek for thanks) (person will give automatically if he/she happy with your answer, you dont need to ask everytime for thanks)

,
My Query is Unsolved Yet, My Query is That I am Not Asking for Return is Mandatory or Not.

I am Asking for Any remedy, Since We Have to Dissolve Firm, PAN Not yet Applied, so Can we go for not applying pan & no filling.

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@VaibhavJ

@VaibhavJ (Expert)
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02 November 2012 Hey

Thanks, please remember nothing is free in this world & what i believe we should have attitude of gratitude towards what we get whether free or paid. I am not compelling any one to thank, but sumtime after geting solution people dont revert whether their query got resolved or not so i hav started puting this tag line in with every post fo mine.

As far as your query is concerned definitely i will help to answer to your satisfactory because i have chose to reply & you did not forced.

As per S/139 firm is required to file return, so even though no transaction is carried by your firm, if it was in existance for a single day in a financial year they have to file return as required.

So after obtaining PAN you can file return.

Pl revrt for query.

Rgds//Vaibhav
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