Association of Persons
This query is : Open
03 March 2010
An AOP was formed on 01.04.2005 by virtue of a un terminatable lease deed for 25 years . It contained two
individuals father and son, Father died.
The lease deed contain a clause that it cannot be terminated by any means.
It means that now surviving son will be the leassor.
But son wants to continue the AOP taking his son in place of his father
My question are :
What will be the Fate of that AOP do we have to surrender the PAN No. alloted previously and apply the new Pan No.
or there will be only rectification of PAN
individuals father and son, Father died.
The lease deed contain a clause that it cannot be terminated by any means.
It means that now surviving son will be the leassor.
But son wants to continue the AOP taking his son in place of his father
My question are :
What will be the Fate of that AOP do we have to surrender the PAN No. alloted previously and apply the new Pan No.
or there will be only rectification of PAN
03 March 2010
Few legal issue is involved. AOP is an association two or more persons. Whether one person can continue the AOP ?
So far rectification of PAN data is concerned, there is no need, if the name is not changed.
The Assessing Officer should be provided/furnished a self attested copy of the agreement between the members evidencing the change in the composition etc.
So far rectification of PAN data is concerned, there is no need, if the name is not changed.
The Assessing Officer should be provided/furnished a self attested copy of the agreement between the members evidencing the change in the composition etc.
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
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- 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
- 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?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
