Pan for partnership

This query is : Resolved

B.P. SRIDHAR (Querist)
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11 March 2013 SIR
IN A PARTNERSHIP OF FOUR ALL PARTNERS RETIRED ON 31.3.2011 EXCEPT ONE. ON 1.4.2011 THE REMAINING ONE ADMITTED ONE PARTNER AND CONTINUED THE PARTNERSHIP UNDER ANOTHER DEED. MY QUESTION IS WHETHER THE PAN OF THE PREVIOUS FIRM WORKS FOR THIS NEW FIRM FOR FILING I.T.RETURNS OR SHOULD THE FIRM APPLY FOR A NEW PAN. PL CLARIFY.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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11 March 2013 The partnership is intact and hence new PAN card is not required. But if leaving partners takes the name/business of firm out than new firm comes in existance from 01.04.2011 therefore new PAN will be required. Hope its clarifies.