21 February 2011
An Individual working as an employee of an Organisation submitted his PAN having fourth letter "H" which is issued to HUFs. He claims that he has that PAN and his auditor advised him to submit the same PAN to his employer. Can an Individual submit PAN to his employer which was issued not on his individual status. Kindly advise me
21 February 2011
right.. salary income would be of that individual & not his HUF. so the individual's PAN is required & not his HUF's so if the PAN is of his HUF, its improper if mentioned in 24Q