Pan card propritership
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2016
Does anyone Know, a proprietor can possess another pan on the name of proprietorship, even having his own pan already (as an Individual)
21 January 2016
no. you cannot take another PAN in the name of proprietorship.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 January 2016
any refer section or circuler available on above query
27 January 2016
apply basic logic and then see if you as an individual can hold two pan because proprietor ship doesn't have a separate existence!
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03 February 2016
We cannot get a separate PAN for proprietor business.
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05 February 2016
Proprietorship is a mode of doing business by the proprietor i.e individual. There is no separate legal existence to the proprietorship concern other than its proprietor. The best thing to understand is, PAN can be applied by the list of persons defined u/s 2(31) of the Income Tax Act, 1961. They are:
(i) an individual,
(ii) a Hindu undivided family,
(iii) a company,
(iv) a firm,
(v) an association of persons or a body of individuals, whether incorporated or not,
(vi) a local authority, and
(vii) every artificial juridical person, not falling within any of the preceding sub- clauses;
(i) an individual,
(ii) a Hindu undivided family,
(iii) a company,
(iv) a firm,
(v) an association of persons or a body of individuals, whether incorporated or not,
(vi) a local authority, and
(vii) every artificial juridical person, not falling within any of the preceding sub- clauses;
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