Pan Card on trade name
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
Is it possible for sole proprietorship business to have PAN card on the trade name. I have recently come across a live case where a sole proprietor having pan card on trade name and also a personal PAN card. PAN number in both the cases where different.
Even IN SEBI know your distributor process pan card on trade name if available is asked.
Link for the same is as follows:- https://www.fidelity.co.in/assets/downloads/know_your_distributor-process_flow.pdf
Please answer my question ASAP.
Even IN SEBI know your distributor process pan card on trade name if available is asked.
Link for the same is as follows:- https://www.fidelity.co.in/assets/downloads/know_your_distributor-process_flow.pdf
Please answer my question ASAP.
14 March 2011
PAN card in the trade name of proprietorship business is not allowed. Pl check the fourth letter of PAN no whether the same is "P" or something else.
14 March 2011
PAN card of proprietorship business should only be in the name of Individual.
There has been cases of mistakes but it does not mean it is eligible. In case of one proprietorship business i have seen two PAN cards one in the name of the individual, and other in the name of his proprietorship firm in which the 4th letter was C "Company". But it was just a mistake and the returns are filed with the PAN of the individual and the other PAN card is surrendered.
There has been cases of mistakes but it does not mean it is eligible. In case of one proprietorship business i have seen two PAN cards one in the name of the individual, and other in the name of his proprietorship firm in which the 4th letter was C "Company". But it was just a mistake and the returns are filed with the PAN of the individual and the other PAN card is surrendered.
14 March 2011
agreed, bcz proprietor is the only person whos business trade name or his/her name does not make any differences in IT Return. so PAN Should be one but in case of partner,company,other its not one person owning so that they have to take different PAN of Firm and file seperate returns of firm and personal.. in proprietor trade business return and his/her personal IT return is same. all the details goes on proprietor PAN.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
